UPI en Español  |   UPI Asia  |   About UPI  |   My Account
Search:
Go

Iran offers gas assurances to Turkey

|
 
Published: Oct. 10, 2012 at 8:31 AM

TEHRAN, Oct. 10 (UPI) -- Iranian natural gas deliveries to Turkey are expected to resume in about a week following an explosion near the countries' border, Iranian media reported.

An explosion on a pipeline in eastern Turkey this week forced Iran to suspend natural gas shipments. The semiofficial Fars News Agency reported that supplies should resume in about a week.

Iran offered to assistance Turkish pipeline company BOTAS with necessary repairs, said Iranian Deputy Oil Minister Javad Oji.

No group claimed responsibility for either attack. The Kurdistan Workers' Party, a militant separatist group known by its Kurdish initials PKK, has targeted transnational pipelines in the past.

Tehran last week blamed U.S. and European sanctions on its energy sector for a collapse of its currency, the rial. The currency devaluation comes as crude oil prices slide in part because of global economic concerns.

Former Iranian Oil Minister Massoud Mir Kazemi was quoted by Fars as saying market prices were "not favorable for oil."

Bloomberg News reports oil prices are down 7 percent for the year.

Topics: Massoud Mir Kazemi
Recommended Stories
© 2012 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.

Order reprints
Join the conversation
Most Popular Collections
'Star Trek Into Darkness' screening NBC upfronts Met Ball 2013
'Great Gatsby' premieres in New York Spire raised on top of One WTC 2013: Celebrity break ups and divorces
Additional Energy Resources Stories
1 of 18
Palestinian  Security Forces Patrol the Border With Egypt.
View Caption
A members of the Hamas security forces patrol the border area between Gaza and Egypt, in the southern Gaza Strip May 20, 2013. Egyptian police angered by the kidnapping of seven colleagues by Islamist gunmen kept a crossing into the Gaza Strip closed again for four days, stranding hundreds of Palestinian travellers, As Tunnels between Egypt and Gaza closed and border was declared as military zone. Palestinian security forces patrol around the border, witnesses said. UPI/Ismael Mohamad
fark
NASA is funding the development of 3D printing food for deep space missions
"Some problems may occur several days after the consumption of this product" - The waiver you have...
Photoshop this 7-minute workout
Who's the luckiest person in Florida? Even luckier than the Lotto ticket holder of the $590-million...
Would-be bank robber kicked out of bank, so he goes across the street to rob a CVS
Obama to deliver statement at 10am today regarding the Oklahoma Tornado. Will admit he only heard...