Iran ready to buy Caspian oil and gas for domestic consumption

Nov 08, 1998 01:00 AM

Iran has said it is ready to buy Caspian oil and gas in an effort to convince the Caspian Sea littoral states to export their oil and gas through Iranian territory.
Iranian Foreign Minister Kamal Kharrazi said that Iran is ready to buy 1.5 million bpd and 200 mm cmpd of gas for its domestic consumption.
"We believe we are the best trading partner in any venture for exploration of Caspian resources," he said.
Besides, transferring oil to Europe by pipeline through Iran and via Iranian ports is the most logical route that can be used by Caspian littoral countries thanks to its extensive network of ports, railways, roads and oil pipelines, Kharrazi said.

Iran believes co-operation in exploitation and transport of resources can pave the way for forging stronger regional co-operative links and serve as a vehicle for peace, security and sustainable economic development, he said.
Earlier, Iran announced a barter plan to receive the Caspian oil in the north while delivering equivalent amount of Iranian oil in the Gulf to the consumers of the Caspian states.

Source: not available
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