POST Online Media Lite Edition


Iran to barter $30bn technical, engineering service with Turkmenistan

Staff writer |
Iran and Turkmenistan are to develop barter trade so that Iran will import Turkmen gas in return for the technical and engineering services to the value of $30 billion.

A Ministry of Petroleum official said the two sides have finalized part of the deal to the amount of $2.5 billion for export of technical and engineering goods and services.

Turkmenistan is the biggest natural gas supplier to Iran. The Iran-Turkmenistan barter trade will prepare a highly extensive market in Turkmenistan for Iranian private sector.

Agreement for the barter trade had been reached in a meeting of Iranian and Turkmen presidents.

What to read next

Syria and Iran signed deal for a $3.6bn credit for oil
Iran, Slovenia to enhance cooperation in oil industry technology
Iran, China sign MoU on banking cooperation