TEHRAN, Oct. 11 (Xinhua) -- An Iranian reporter who writes for Wall Street
Journal of the United States denied on Saturday an earlier report on newly
signing of Iran-UAE gas deal.
No new gas deal signed between Iran and the United Arab Emirates (UAE) on
Friday but there was one in 2001, Roshanak Taghavi told Xinhua through
telephone.
Earlier on Saturday, Iran's English-language Press TV reported that Iran
signed a 2 billion U.S. dollars gas deal with Crescent Petroleum of the UAE on
Friday.
The report, which was from Wall Street Journal article published on Friday,
made a mistake on the signing time of the deal, said Taghavi, also the writer of
the original article.
Crescent of the UAE and the National Iranian Oil Co. signed a gas deal in
April 2001, but original export plans were delayed because construction of
offshore processing platforms for the deal were not completed by Iranian
contractors until earlier this year, Wall Street Journal quoted Majid Jafar,
Crescent's executive director, as saying.
The UAE is the fourth largest oil producer in the Organization of Petroleum
Exporting Countries but it is in need of clean energy imports to fuel its rapid
industrial growth.
Despite a recent decline in world oil prices, gas prices in the Persian
Gulf states, particularly in the UAE are on the rise.
"Natural gas is a fuel of choice for clean and efficient power generation"
in the UAE, said Crescent's Jafar.
According to the 2001 gas deal, Iran, which has the world's second largest
natural gas reserve after Russia, has spent around 1.5 billion dollars on the
project to build a 280-kilometer undersea pipeline linking Iran's Salman
offshore gas field to Crescent's gas-processing facilities in Sharjah of UAE.
As part of the deal, another Sharjah-based company, Dana Gas PJSC, will
transport and process the Iranian gas.
First exports could begin within months, but fresh corruption allegations
from Iran's government threaten more delays, Wall Street Journal said.
Iranian President Mahmoud Ahmadinejad said in September that he would
endorse the deal as long as it was concluded based on regional market prices,
according to the report.