Iran

The troubles surrounding Iran is not ending. With mass reserves of gas and oil, the ambition to develop nuclear technology is leaving the Iranian industry handcuffed. While Iran is following the footsteps of North Korea, Russia is using the gas to build an energy empire.

In this doomed times, Iran may be losing its only gas customer Turkey and future customers. Although Iran has started the construction of a Armenia-Iran pipeline, the Armenian side which has also suffered from lack of investment, is rumoured to have lost the full control of pipeline after a discount from Gasprom for 2007.

turkishweekly