Official: Ankara, Tehran Can Boost Energy Cooperation After Sanctions

Date: 09 July 2021 - 21:41

News ID: ۹۲۲۲۹

ANKAR (Dailysabah) -The chairperson of the Energy Commission of the Iranian Chamber of Commerce Reza Salehi said on Friday that Turkish and Iranian energy companies can enter new markets if the U.S. sanctions are lifted and the Iran nuclear deal, called the Joint Comprehensive Plan of Action (JCPOA), is fully implemented.
Salehi said that Iranian economy would enter a new era once the nuclear agreement become operational after lagging behind for long years due to U.S. sanctions.
Salehi told Anadolu Agency (AA) that the government and private sector will launch measures to normalize trade with foreign countries, adding that the government also aims to increase the oil revenues in the first stage, which are blocked by world banks.
The Iranian official also said that the country will try to regain its place in the energy market and to prioritize oil-related projects.
“Energy supply to Europe via Turkey will be an important option. Turkey, with its pipeline infrastructure to the Black Sea and the Mediterranean, can strengthen gas and electricity cooperation with Iran. This situation also supports Turkey’s aim of becoming a transit country in energy. Also, Turkish and Iranian energy companies can enter new markets by combining their technical and engineering capacities,” he said.