Iran, Turkmenistan Agree on Natural Gas Barters, Official Says
From Bloomberg
By Ladane Nasseri
Iran and Turkmenistan reached an agreement for the Persian Gulf country to export goods to Turkmenistan in exchange for some of the natural gas it purchases from its northern neighbor, a trade official said.
Iran buys about $3 billion of natural gas from Turkmenistan a year, Abdol-Hamid Asadian, head of the Trade Promotion Organisation’s bureau for Europe and Americas, was quoted as saying by the state-run Iranian Students News Agency. The report didn’t provide details of the arrangement.
Tightening banking and energy sanctions against Iran over its nuclear program have complicated financial transactions with the Persian Gulf country.
