Global Business in Iran Database
In-depth metrics and analysis of Iran's international economic partnerships.
Iran - Turkey, Oil Refinery
description
Following Prime Minister Erdogan's meeting with President Ahmedinejad in Tehran, Iran and Turkey announced plans to build a crude oil refinery in Northern Iran. The joint-venture agreement also provided for Turkish transshipment of Iranian gas to European markets through the Sam Petrol Company. Both nations have agreed to create a joint-holding company on a 50-50 basis. 35 billion cubic meters of gas will be transported from Iran to Europe annually. NIGEC will control the Iranian share.
- Country: Turkey
- Client: National Iranian Gas Export Company (NIGEC)
- Contractor: Sam Petrol Company
Status
- Current Status:
- Discussion Date:
- Contract Date: Sun, 2009-11-01
- Completion Date:
Citation
1. "Turkey eyes oil refinery in northern Iran," United Press International (UPI), November 2, 2009, available at http://www.upi.com/Science_News/Resource-Wars/2009/11/02/Turkey-eyes-oil....
2. "Turkey invests in Iran to build oil refinery", Press TV, November 1, 2009, available at http://www.presstv.ir/detail.aspx?id=110140§ionid=351020103.
All projects by Sam Petrol Company
Country |
Contractor | Project Name | Amount (Current Dollar Value) | Last Action | Status | ||
|---|---|---|---|---|---|---|---|
| Sam Petrol Company | Iran - Turkey, Oil Refinery | $2 billion |
11/01/09 |
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