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. Last Updated: 07/27/2016

Gas Sales Deal Fails

ASHGABAT, Turkmenistan -- Iran failed to secure an agreement for transporting Turkmenistan's gas to world markets because a visiting Iranian minister and the Turkmen president could not agree on the price during a meeting Thursday.

Iranian Foreign Minister Kamal Kharrazi offered Turkmen President Saparmurat Niyazov $32 per 1,000 cubic meters of gas. But Niyazov refused, adding that Turkmenistan has even rejected Russia's offer of $36 per 1,000 cubic meters.

Transporting Turkmenistan's gas through Iran is the shortest and cheapest route. However, the United States strongly opposes the plan, because it considers Iran unreliable, and favors pipeline routes to Turkey.

Turkmenistan, eager to end its poverty through lucrative gas sales, is considering both routes. But so far, it has failed to agree to a pipeline to Turkey either.