Turkish Energy Minister Hilmi Guler and Iranian Oil Minister Qolam Hosein Nozari signed the agreement which Guler said "would have positive reflections on both the regional as well as global levels."

"We are making a contribution to the security of energy supply, which is a very important issue. Both Turkey and Europe need natural gas," Guler said.

With the agreement Turkey secures the operation rights of three gas fields in Iran's South Pars region to produce some 46 million cubic meters per day and to use half of that amount.

The agreement also said Iranian and Turkmen gas will be transported to Europe via Turkey.

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