Do More With Reuters
Partner Services

UPDATE 1-Iran-Turkey gas flow halted after blast - source

Mon May 26, 2008 1:09pm IST
 
Email | Print | | Single Page
[-] Text [+]

ANKARA, May 26 (Reuters) - The flow of Iranian natural gas to Turkey was halted early on Monday after an explosion hit a gas pipeline in Turkish territory, a Turkish energy ministry official told Reuters.

"There is a good chance that the cause of the explosion on the pipeline was sabotage. The explosion occurred 13 kilometres (8 miles) inside Turkish territory," said the official.

Iran accounts for more than 20 percent of Turkish natural gas imports, though supplies from Tehran are often cut in the winter months as Iran has had difficulty covering its own supply needs.

Gas was cut last winter for nearly three weeks after Turkemenistan turned off the tap to the Islamic Republic causing a domino effect as Turkey had to stop its gas exports to Greece.

Bomb blasts are not uncommon in Turkey, where radical groups ranging from Kurdish separatists to militant Islamists and far-leftists are active. (Reporting by Orhan Coskun, Editing by Peter Blackburn)

Construction workers work at a site as the sun sets in Chandigarh in this December 2006 file photo. REUTERS/Ajay Verma
Economy seen growing at 7.2 pct in FY10 - govt

The forecast reinforces the possibility that the government may start to unwind its fiscal stimulus in the budget.  Full Article 

Market Update

  • IndiaIndia
  • USUS
  • UKUK
  • Asia
  • Most Actives
Greece's Finance Minister Papaconstantinou addresses reporters during a news conference in Athens, January 20, 2010.
Eurozone agreed in principle to aid Greece

Euro zone countries have decided in principle to help debt-stricken Greece, a senior German ruling coalition source said.  Full Article 

FROM THE MARKETS

After the Bell
After the Bell

Reuters Money's Kshitij Anand updates you on the movers and shakers of the Indian stock market.  Blog 

SHOWCASE

"Claw Back" Pay
"Claw Back" Pay

Banks and regulators hope that threats to "claw back" pay if trades later blow up will rein in risk taking on Wall Street.  Full Article 

 
James Saft
Blaming Asperger's

COLUMN - Did Asperger's help cause the financial crisis?  Full Article 

 
Going Global
Going Global

With Volvo, Chinese eye M&A abroad to win at home.  Full Article 

 
Delivery Woes
Delivery Woes

Boeing 787 delivery schedule could slip - experts.  Full Article 

 
Central Banks Cautious
Central Banks Cautious

Reuters tracks the policies of the world's top central banks as the debate over global economic recovery rages on.   Full Coverage