Bank Of Baku

Iran and Turkmenistan launch second gas pipeline

Iran and Turkmenistan launch second gas pipeline
# 29 November 2010 07:52 (UTC +04:00)
Baku - APA-Economics. The final half of a $1.2-billion pipeline transferring Turkmenistan’s gas into neighboring Iran has been inaugurated, BusinessWeek reported.

Iran’s official IRNA news agency said Sunday the line is part of a major 1,059-kilometre (620-mile) pipeline which connects Tehran to the Khangiran refinery near the northeastern Iranian town of Sarakhs.

IRNA says the pipeline has an initial capacity of 20 million cubic meters per day (706 million cubic feet per day).

President Mahmoud Ahmadinejad and his Turkmen counterpart Kurbanguly Berdymukhamedov inaugurated the pipeline.

The pipeline is a key step toward diversifying Turkmen gas export routes and turning Iran into a regional gas hub.
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