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By Reuters
Published Saturday, April 24, 2010
Iran does not plan to hold talks with UAE-based Crescent Petroleum, with which it has a long-standing dispute over gas supply, Oil Minister Massoud Mirkazemi said on Saturday.
"We are ready to provide natural gas to Sharjah but we will not hold talks with Crescent," Mirkazemi told a news conference at an oil and gas trade fair in Tehran.
The National Iranian Oil Company (NIOC) and Sharjah-headquartered Crescent signed a 25-year gas contract in 2001, with a price linked to oil.
But as oil rallied in the following years, some officials and politicians in Iran called for a revision to the price formula and blamed the price dispute for delivery delays.
The offshore Salman gas field was meant to have started pumping Iran's first gas exports to the UAE in December 2005.
Source: http://www.business24-7.ae/news/asia/iran-ready-to-supply-gas-to-uae-2010-04-24-1.235889
"We are ready to provide natural gas to Sharjah but we will not hold talks with Crescent," Mirkazemi told a news conference at an oil and gas trade fair in Tehran.
The National Iranian Oil Company (NIOC) and Sharjah-headquartered Crescent signed a 25-year gas contract in 2001, with a price linked to oil.
But as oil rallied in the following years, some officials and politicians in Iran called for a revision to the price formula and blamed the price dispute for delivery delays.
The offshore Salman gas field was meant to have started pumping Iran's first gas exports to the UAE in December 2005.
Source: http://www.business24-7.ae/news/asia/iran-ready-to-supply-gas-to-uae-2010-04-24-1.235889
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