8 October 2009
Iran says it will supply half Nabucco pipeline's capacity
By Derek Brower Iran will fill half the capacity of the planned Nabucco pipeline to Europe, the country's deputy oil minister said yesterday. In an exclusive interview with WGC News in Buenos Aires, Azizollah Ramezani also said Iran must invest $200bn in its energy sector in the next five years – and foreign firms will supply half the financing. Iran is facing a renewed onslaught of economic sanctions by Western countries worried that the country is seeking to develop a nuclear weapon. But Ramezani said the country's energy potential holds the key to improving relations between Iran and the West. Iranian gas reserves are the second-biggest in the world after Russia's, although existing sanct
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