World Bank (WB) experts believe that US, EU, China, India and Turkey will benefit most of all from resumption of trade with Iran.
A WB forecast reads that as soon as sanctions imposed on Iran are lifted, inflow of oil to the world market will increase by about 1 million barrels a day. According to WB experts’ estimates, return of the Iranian oil to the market will lead to reduction of average price by about $10.00 during 2016 (from $66.00 to $56.00) and will also negatively affect incomes of budgets of the biggest oil exporting countries.
In particular, reduction of Saudi Arabia’s incomes from oil export is estimated by WB experts at $40 billion a year and the similar losses of Libya – at $5 billion. According to WB, Iran will increase its incomes, because it will benefit more from increase in the oil export, than lose from reduction of oil prices.
WB experts also expect that as soon sanctions against Iran are lifted, the flow of direct foreign investments into the country’s economy could be significantly increased. In 2016-2017 they could total $3-3.2 billion, which is twice as much against the current level. The Iranian authorities evaluate demands of the oil and gas market till 2020 at $130-145 billion.—0—
Economics
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The Baku International Sea Trade Port, a critical link in the Middle Corridor connecting East and West, handled 7.6 million tons of cargo in 2024, marking a 3.2% increase from the previous year. This growth underscores the port's expanding role in global trade and its significance as a transit hub for countries such as China, Turkey, Georgia, Iran, and Russia.
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Azerbaijan’s state oil company SOCAR has acquired a 3% stake in the offshore SARB and Umm Lulu concession in the United Arab Emirates (UAE) from Abu Dhabi National Oil Company (ADNOC) for $285 million, marking a significant step in deepening energy ties between the two nations. The transaction, completed in May 2024, was completed in January 2025.
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The Baku Small and Medium Business (SME) House and the Miniboss Business School have signed a memorandum of understanding aimed at developing entrepreneurial skills among children, the Small and Medium Business Development Agency (KOBIA) reported on Monday.
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In 2025, Azerbaijan's information security and digital infrastructure remain under pressure, as experts highlight the absence of a National Internet Exchange Point (IXP). Osman Gunduz, head of the NGO Multimediya, has renewed calls for the Information and Communication Technologies Agency (İKTA) to spearhead the creation of a Milli İnternet Mübadilə Mərkəzi (National Internet Exchange Centre) in collaboration with key local providers Azertelecom, Delta Telecom, AzTelekom, and global industry leaders.
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