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Iran-Turkmenistan Friendship Dam to be operational

Mashhad, Khorassan Prov., April 11, IRNA -- The documents to make operational the Iran-Turkmenistan Friendship Dam was inked on Saturday.

The protocols was signed by the Turkmen minister of water and the Iranian deputy Energy minister for water affairs in the presence of the foreign ministers of both countries.

The protocols indicate the shares of each sides to exploit the dam water which has a capacity of 820 million cubic meters. Each side has the right to use some 410 cubic meters of water reserves in the dam.

The Friendship Dam is built on the Hariroud River in Sarakhs order town in Iran's northeastern Khorassan province. The project was implemented with a budget of 168 million dollars some 75 kilometers south of Sarakhs town.

Present in the ceremony to inaugurate the project, Iran's Foreign minister Kamal Kharrazi said the dam was a symbol of the deep friendship and cordiality between Iran and Turkmenistan.

Kharrazi said this project shows that great tasks could be done through cooperation.

He said Iran and Turkmenistan has cooperation in so many fields including gas, petrochemical and electricity.

He stressed the need for further coordination and cooperation between the two countries in regional and international arenas on major global issues.

Kharrazi said Iran stands ready to transfer the Turkmen oil and that of other Caspian countries to the free waters and boost this transfer to 400,000 barrels per day from the current 120,000 bpd.

He underlined the need for continued exchange of visits between the two countries' officials and called for activation of the Iran-Turkmenistan joint economic commission as a way to further boost relations in he economic domain.

Kharrazi noted that the current level of trade exchange between the two countries stands at over dlrs 500 million per year, adding that it is possible to raise the level of such transaction to dlrs one billion.

Underlining continuation of negotiations on determining a legal regime for the Caspian Sea, Kharrazi called for active participation of the littoral states in drawing up a legal regime for the sea.

... Payvand News - 4/11/04 ... --

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