Turkish petrol company TPAO said yesterday it is pressing ahead with plans to invest $3.5 billion in Iran’s South Pars gas field and hopes to sign further agreements on the first quarter of next year. The plan will also help transport gas from Turkmenistan, with which Turkey has an export contract. The United States has protested against the plans and is preparing a bill that would punish any company or country that invests more than $20 million in the Islamic republic
(Kathimerini 07/09/07)