Baku offers Tehran to transport hydrocarbons to Europe via Azerbaijan
«Many companies from around the world are eager to invest in Iran after the nuclear deal with the International Six. However, Tehran considers it a priority above all cooperation with its neighbors and the first place is Azerbaijan," said the president of Iran Hassan Rouhani, receiving in Tehran on Tuesday the Minister of Economy and Industry Shahin Mustafayev.
According to IRNA, Rouhani called Azerbaijan "gateway to the Caucasus." At the same time, he said that Iran can become for Baku "a way to the Persian Gulf."
Referring to cooperation in the energy sector, Rouhani said that "joint investments in the Caspian Sea could open a new page in this area."
In turn, Shahin Mustafayev expressed confidence that the nuclear deal of Iran will have the most beneficial impact on regional cooperation and stability.
"Baku is determined to strengthen its cooperation with Iran in the energy, trade, transport, petrochemicals, banking and agricultural areas," said Mustafayev.
Today, he met with Iranian Oil Minister Bijan Zangyan during which Mustafayev noted that Iran could use the infrastructure of Azerbaijan to transport its oil and gas to Europe, and the future could join the project TANAP.
At a meeting with Minister of Economy of Iran Ali Talibniya, the parties agreed to establish a bilateral committee on investments and the reactivation of Iranian financial institutions in Azerbaijan.
The current level of trade between the two countries in the amount of 500 million USD may rise by several times, said the Iranian minister. -02D-
-
- Social
- 4 August 2015 16:54
-
- Political Monitoring
- 4 August 2015 18:36
Economics
-
The Central Bank of Azerbaijan (CBA) has approved the "Green Taxonomy," according to a decision by its Board of Directors on November 13.
-
Azerbaijan's state oil and gas company, SOCAR, has signed a joint development agreement with Bulgaria’s "Asarel Energy," part of the Asarel Medet holding group. The agreement was signed on November 13 during the COP29 summit in the presence of the Presidents of Azerbaijan and Bulgaria, Ilham Aliyev and Rumen Radev.
-
Saudi Electricity CEO Khalid Al-Hamidi and Baba Rzayev, Chairman of Azerbaijan's state-owned energy company Azerenergy, signed a memorandum of understanding (MoU) on Wednesday during the COP29 summit in Baku. The agreement, inked after a high-level meeting between Azerbaijan's Minister of Energy and his Saudi counterpart in the event’s Blue Zone, aims to enhance cooperation on integrating renewable energy into Azerbaijan’s power grid.
-
The CEO of ICGB, the operator of the Greece-Bulgaria Interconnector (IGB), Theodor Georgieva, underscored the critical role of Azerbaijan and other gas suppliers to the European Union in the event of a potential cessation of Russian gas deliveries through Ukraine, speaking to journalists on the sidelines of COP29 in Baku.
Leave a review