“We welcome Russia’s participation in the project of construction of Iranian IGAT9 gas pipeline with investments in amount of $2,5 billion,” Hamid Reza Araki said.
Gas is planned to be transported through the pipeline from a field in South Pars to the border with Turkey for further transportation to Europe. A total investment in the gas pipeline is estimated at $2,5 billion.
IGAT9 is a part of Iranian system of main gas pipelines IGAT (Iran Gas Trunkline). The pipeline is planned to connect Bushehr Province with the city of Bazargan, Western Azerbaijan Province, situated on Turkish border.