Lifting of sanctions to return Iran to EPEG project

Baku, Azerbaijan, Aug. 13

By Huseyn Veliyev - Trend:

Lifting sanctions against Iran will play an important role in strengthening cooperation of European telecommunications companies with this country within the framework of a large-scale international project EPEG (Europe-Persia Express Gateway), a source on the telecommunications market of Azerbaijan told Trend.

The sanctions against Iran are the main factor, because of which the companies, which are responsible for the commercial component of EPEG, cannot cooperate with this country, according to the source.

The members of the consortium, Omantel and British operator Cable & Wireless Worldwide, which today is owned by Vodafone, were actively promoting plans for construction of cable line EPEG in order to communicate with Europe and connect the unconnected subsea segments of EIG (Europe-India Gateway) pipeline. Two US operators, AT&T and Verizon, who participated in the EIG project, were forbidden to make direct investments in the construction of EPEG due to economic sanctions against Iran.

The underwater cable line EIG contributes to connecting India to EPEG, which had previously been the subject of negotiations between Iran and India. After connecting EPEG and EIG, Iran will be linked to India and other Asian countries with cable fiber optic backbone.

Length of the EPEG on the territory of Iran is more than 3,000 kilometers, and the country plans to use 10 percent of its resources.

Minister of Communications and Information Technology of Iran Mahmoud Vaezi told Trend earlier that Iran intends to set high tariffs for transit of traffic within the framework of the EPEG project, and the country's income from this project will be significant.

In June 2011, a consortium of four leading telecom carriers from four countries signed the Construction and Maintenance Agreement for the new cable system - Europe-Persia Express Gateway (EPEG). The new system with an initial capacity of 540 (54×10) Gbps was put in operation in December 2012.

The system passes from Frankfurt across Eastern Europe, Russia, Azerbaijan, Iran and Persian Gulf to Barka in the Sultanate of Oman. The design capacity of the EPEG system is up to 3.2 Tbps with total length of approximately 10,000 kilometers, 9,500 kilometers of which is a terrestrial fiber cable.

Edited by CN

OPEC+ agreement leaders suggest different mechanisms of oil production cuts in 2021
OPEC+ agreement leaders suggest different mechanisms of oil production cuts in 2021
Oil prices down 1% as OPEC+ debates 2021 output policy
Oil prices down 1% as OPEC+ debates 2021 output policy
Iranian Energy Exchange announces products to be on sale December 1
Iranian Energy Exchange announces products to be on sale December 1
Loading Bars
Latest
Units of Azerbaijani Army enter Lachin region (VIDEO)
Today Lachin region returns to Azerbaijan
Azerbaijan discloses volume of exported silk
Georgia strengthens its position in olive production
Kazakhstan Railways opens tender for vehicles maintenance
Turkey, Russia discuss details of Monitoring Center on Karabakh - Turkish Defense Minister
OPEC+ agreement leaders suggest different mechanisms of oil production cuts in 2021
Oil prices down 1% as OPEC+ debates 2021 output policy
Another Turkish vaccine ready for human trials
Georgian Finance Minister tests positive for COVID-19
Iran's stock exchange needs structural reforms - Iranian MP
Kyrgyzstan provides online courses for entrepreneurs in field of tourism
Number of confirmed coronavirus cases in Serbia up by over 6,224 in past day
Azerbaijani Defense Ministry thanks Turkey's Defense Ministry
Bitcoin hits record high after steep fall last week
Logistic support assets of Russian peacekeepers in Karabakh arrive in Azerbaijan (PHOTO/VIDEO)
Turkmenistan significantly increases cement imports from Turkey
Turkish sappers begin mine clearing in liberated territories of Azerbaijan
Azerbaijan extends learning from home amid ongoing anti-coronavirus measures
Azerbaijani FM, Moldovan minister exchange views on latest situation in region
Two more Italian municipalities express support to Azerbaijan
Iran's first VP invites Shanghai Cooperation Organization to invest in Chabahar Port
Expert talks short-term price decrease on Azerbaijan's car market
Kazakhstan sees increase in lending to legal entities over 10M2020
Employment in Iran's Razavi Khorasan Province soars
Azerbaijan raises export to Croatia
Iranian Energy Exchange announces products to be on sale December 1
Preventive diplomacy is integral part of Turkmenistan's neutrality - president of Turkmenistan
Azerbaijan to minimize plastic consumption
Kazakhstan to set up int'l center to develop oil&gas engineering in co-op with ENI, Shell
Georgian Walnuts company aims for eco-friendly production
President of Jamaat-e-Islami Pakistan sends letter to president of Azerbaijan
Uzbekistan exporting plums mainly to Russia and Kazakhstan
Azerbaijan's Baku Metro to engage testing services through tender
Armenian PM's attempts to meet with Russian president fail
Iran can increase exports through processing industries – economist
Iran hopes to see Iran-Afghanistan Chamber of Commerce headquarters open in Kabul
GM, Nikola announce reworked, smaller deal focused on supplying fuel-cell systems
Georgia’s Innovation and Technology Agency discloses volume of startup projects
Turkmenistan's Turkmengas opens tender for purchase of chemical products
Uzbek textile products mostly imported by Russia
Uzbek currency rates for November 30
Trade turnover between Azerbaijan and Spain greatly improves
Azerbaijan increases value of year-on-year export to Kazakhstan
SecGen of Iraqi Council of Representatives sends letter to President Aliyev
Azerbaijan reports 2,981 new COVID-19 cases, 1,226 recoveries
Azerbaijani 'Barda' ferry ship repaired and put into operation
Argentine companies to cooperate with Azerbaijan’s Azexport website and Digital Shopping Hub
Uzbek Ministry of Finance forecasts increase of public debt
Swiss Investment Company to issue bonds in Uzbek national currency
Georgia purchases 10 new high flow oxygen generators from Turkey
Iran hopes for economic revival of Azerbaijan's Nagorno-Karabakh - Vice President Jahangiri
JCPOA to holding meeting in Vienna
Excise tax on import of commodity items to be abolished in Uzbekistan
Income from pine-cone exports up in Georgia
Azerbaijan reveals data on loans issued to farmers over 11M2020
YARAT Contemporary Art Space to present exhibition project "Make Island For Yourself" in Museum of Azerbaijani Painting
Amazon, Apple stay away from new French initiative to set principles for Big Tech
Georgia reveals volume of exported apples
Azerbaijan's ANAMA discloses total number of civilian casualties from mines
Development Bank of Kazakhstan eyeing support of mining, metallurgical projects
Khazar Consortium opens tender for purchase of tires in Turkmenistan
Georgia reveals top five insurance companies due to paid claims
Cemeteries destroyed, mosques used as cowsheds in Karabakh - renowned French photographer (PHOTOS)
Baku Transport Agency, ARIS LLC sign tender contract
Azerbaijani Prosecutor General's Office urges not to visit lands liberated from occupation (VIDEO)
STAR refinery's crude oil imports rise y-o-y
Azerbaijan Mortgage & Credit Guarantee Fund says will complete 2020 with profit
Russia's Rostelecom working on inter-operator cooperation with Turkmenistan
Capitalization remains strength of Georgian Basisbank
Hungarian TUNGSRAM GROUP to launch production of LED street lighting in Kazakhstan
Azerbaijani agency unveils number of munitions found since Sept.27
Iran’s Bahar Azadi gold coin starts to rise
Azerbaijan to commission road connecting Tartar and Sugovushan in coming days - ANAMA (PHOTO)
Uzbek agro-industrial agency announces tender for well construction
Carlsberg Azerbaijan and AzərŞəkər signed a memorandum of cooperation (PHOTO)
S&P Global to buy IHS Markit in deal valued at $44 billion
Azerbaijan reveals number of civilians dead, following recent Armenian aggression
Uzbekistan slightly reduces import of Turkish-made chemicals
Demining of territory for future road to liberated Shusha kicked off - ANAMA
Creation of concept for audit development in Azerbaijan for 2021-2030 nearing completion
Iran's POMC launches its first compressor
Turkey continues to raise trade turnover with Azerbaijan
Ceyhan terminal’s oil transshipment from ACG nears 194 million barrels
Baku Metro switches to modern train control systems
Visits of citizens to liberated Azerbaijani territories still dangerous - ANAMA
Malaysia ready to assist in promotion of pilgrim tourism in Uzbekistan
Uzbekistan’s 10M2020 data on plastic cards revealed
Turkmenistan's natural gas reserves increased – Eni’s review
Time deposits value surges in Kazakhstan year-on-year
Iran's total rail transit up
Turkmenistan's oil reserves remain stable for several years – Eni’s review
Iran doubles budget for defense research projects
Georgia sees increase in hazelnuts export
Iran reveals its COVID-19 data for November 30
CNG can easily be used instead of gasoline in Iran
Chabahar - first Iranian port to attract foreign operators - PMO
Georgia decreases mobilizing funds in tax revenue
Russia increases ten-month value of chemical products import from Turkey
New apartments to be added to Azerbaijan's mortgage fund base
All news