He says that a new pipeline will be laid between Mindana and Bazargan, near the Turkish border, to increase the volume of Iranian gas sold to Turkey. He adds that Turkey will own 77 percent of the project and Iran 23 percent, and that it will take three years to complete.
In other economic news, Iran's commerce minister Mehdi Ghazanfari repeated an earlier warning by parliament speaker Ali Larijani that Tehran would respond to any inspection of its cargo ships on the high seas. The latest U.N. sanctions authorize the inspection of any suspicious cargo on ships or planes bound for Iran.
Analyst Houchang Hassan-yari, who teaches at Canada's Royal Military College, says that the recent reactions of Iranian leaders demonstrate a growing realization on their part that sanctions are starting to have a negative impact on their economy.
"All those [economic] problems and all those reactions [by Iranian leaders] are a response to the sanctions imposed by not only the fourth U.N. Security Council [sanctions] resolution, but maybe more importantly the unilateral sanctions imposed by America and now by the European Union," he said.
Recent energy shortages, including gasoline rationing, he argues, are starting to affect all sectors of the Iranian economy. "When, in the context of Iran, you talk about the rise in the price of gas, you will see the impact of that on everything else, and I mean everything: not only transportation, but also production or presentation of tomatoes in the market, bread….everything is going to be impacted," said Hassan-yari.
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2013-11-27
2013-11-27
2013-11-27
2013-11-27
2013-11-27
2013-11-27