Iranian Foregn Minister Mohammad Javad Zarif has appointed Ibragim Rahimpoor a special representative for the Caspian diplomacy, Fars news agency reported on Wednesday.
His duties include talks and meetings with the representatives of other Caspian basin states – Azerbaijan, Russia, Kazakhstan and Turkmenistan – as well as coordination of activities of the Ministries and agencies responsible for solution of Iran’s internal problems related to the Caspian Sea.
Previously Deputy Foreign Minister Mohammad Mehti Ahundzada was Iran’s special representative for Caspian diplomacy.
Among the main goals of Ibragim Rahimpoor on this position will be defending Iran’s interests in the field of the Caspian Sea status. The Iranian officials insist on equal division of the Caspian Sea between the littoral states, which means each country will get 20% of economic zone. This is in Iran’s best interests, because if the Caspian Sea is divided along the medium line, as Azerbaijan, Kazakhstan and Russia have already done, Iran will get no more than 13%. By insisting on this type of the Caspian Sea division, Iran does not support the juridical solution to the issue, but it would like to achieve some political dividends.—0--
Economics
-
SOCAR President Rovshan Najaf met with the Minister of State for Petroleum of Pakistan, Musadik Malik, on January 18. According to SOCAR, the discussions covered joint energy projects, achieved outcomes, and cooperation opportunities in various areas, including the trade of petroleum products.
-
The State Statistics Committee of Azerbaijan reported that in 2024 investments in fixed assets reached 21,435.1 million manats, which is 0.7% less than in 2023. While overall figures edged lower, the sectoral breakdown reveals notable disparities between the oil and gas sphere and non-oil industries.
-
Azerbaijan’s industrial enterprises and individual entrepreneurs reported a modest 1.1% year-on-year increase in industrial production during 2024, reaching an output valued at 64.1 billion manat. The State Statistics Committee attributed the overall growth to a 0.5% expansion in the oil and gas sector, while non-oil and gas industries surged by 7.3%.
-
Global diesel prices and refining margins have spiked following the latest U.S. sanctions targeting Russian oil trade, as markets brace for reduced supply, analysts and LSEG data indicate.
Leave a review