Iran–Turkmenistan relations

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Iran-Turkmenistan relations
Map indicating locations of Iran and Turkmenistan

Iran

Turkmenistan

Iran and Turkmenistan share a common border of more than 1000 km. Since Turkmenistan's independence from the Soviet Union in 1991, the two countries have enjoyed good relations and have cooperated in economic, transportation, infrastructure development, and energy sectors. The two nations have strong historic ties.

Trade

Meetings of Presidents that participated in Nowruz in Tehran, Iran, 2010.

Iran has the largest volume of trade exchange with Turkmenistan after Russia.

Korpeje-Kurt Kui gas pipeline in western Turkmenistan and the $167 million Dousti ('Friendship' in Persian) Dam in the south of the country were built through a joint venture. Balkanabad-Aliabad power transfer line and several other projects such as the program of fiber-optic communications development, construction of bunkers and other objects in Merve and a refinery in Turkmenbashi, construction of liquefied gas terminals, highways are instances of growing bilateral relations.[2] In 2009 about 100 industrial projects have been built or are being built in Turkmenistan with Iranian help.[3]

Iran's Supreme Leader Ali Khamenei in a meeting with visiting Turkmen President Gurbanguly Berdimuhamedow, 2015.

Annual trade turnover decreased to $1.2 billion in 2009 from $3.2 billion in 2008 mostly because of decrease in the price of oil and gas.[4][5] Turkmenistan's exports to Iran increased by 42 percent during January–September 2007. Turkmenistan normally supplies 5 percent of Iran's gas demand.[6]

On November 28, 2021, Iran, Turkmenistan and Azerbaijan have signed a gas swap deal for up to 2 billion cubic metres, per year.Turkmenistan will sell 5-6 million cubic metres of gas per day to Azerbaijan under the trilateral agreement signed in Turkmenistan.Iran will also withdraw its gas consumption needs in five provinces of the country from the right to transfer this gas. Iran was moving to resolve a lingering gas debt dispute with Central Asia's Turkmenistan, which said in late 2017 that it was owed $1.8 billion in payments for gas delivered to Tehran.[7]

Transportation

Railway