Iran offers establishing energy corridor from Russia to PG

Mojtaba Damirchilou, the secretary-general of the Eurasian Department at the Ministry of Foreign Affairs proposed the establishment of an energy corridor from Russia passing through Iran to the Persian Gulf on Saturday.

News ID: ۸۴۱۶۴۴

12 May 2024

EghtesadOnline: Speaking on the sidelines of the 28th Iran International Oil, Gas, ‎Refining and ‎Petrochemical Exhibition (Iran Oil Show 2024), Damirchilou said according to the geographical location and existing infrastructure in Iran, the capacity is available to pay attention to this area before the past, as regional countries are also interested in cooperating with Iran in this regard.

The use of existing infrastructure and the creation of new infrastructure to reach regional markets should be considered, Iranian oil ministry's Shana New Agency reported.

In this field, constructive cooperation has started and we have a clear vision, the official stated.

He also noted that there is cooperation between Iran and the regional countries in the field of energy export, swap, and transit.

There have been long-standing ties between Iran and the countries of the Eurasian region, as these regions have extensive connections with Iran, the official stated.

The official went on to say that in the field of the oil industry, Iran has ties with all the countries of the Eurasian region, explaining that these countries are either oil and gas producers and exporters or energy consumers.

Iran's energy networks are connected with Turkmenistan, Azerbaijan, and Armenia, Damirchilou noted, adding that effective communication between Iran and neighboring countries is underway.

“In the field of exporting petroleum products and petrochemical products, there are many capacities and a clear perspective could be imagined.”

In the field of investment and joint cooperation, such as the development of oil and gas fields, a constructive understanding has been formed between Iran and Russia, as several contracts are being implemented, he said, noting that under the new conditions of Russia due to the oil embargoes on the country, a new field of cooperation has been formed.

In the Iran Oil Show 2024, some companies from the Eurasian states were present to get familiar with the potential of Iran, and efforts were made to establish professional connections between the experts and representatives of Iranian and Eurasian companies, the official stated.

In addition to 1,500 Iranian firms, a sum of 250 companies from 12 countries have taken part in Iran Oil Show 2024, whose motto is “Petroleum industry, production leap, and technological optimization”.‎

Participants from the upstream, intermediate, and downstream sectors of the oil industry, along with associations and unions of oil industry equipment manufacturers, and first-time producers NTBFs are showcasing their achievements in the Iran Oil Show 2024, which is the most important Iranian event related to the oil industry.

Inaugurated on Wednesday, the exhibition will be open to visitors at the Tehran International Permanent Fairground every day from 9:00 a.m. to 4:00 p.m. (0530 to 1230 GMT) until Saturday. / Mehr