Iran proposes drafting energy charter for ECO

Oil&Gas Materials 6 March 2013 16:01 (UTC +04:00)

Azerbaijan, Baku, Mar.6/ Trend G.Mehdi/

Iranian Oil Minister has proposed drafting an energy charter for the Economic Cooperation Organisation (ECO), IRNA reported.

A new mechanism should be devised for cooperation among the member states in the field of energy, he noted.

He made the remarks today during the third meeting of energy and oil ministers of the ECO, which opened in Tehran on Monday.

Expanding regional cooperation and exchanging experiences, as well as promoting free trade in the field of energy are among the most important issues being discussed at the three-day event.

The first and the second meetings of ECO ministers have been held in 2000 and 2010 in Pakistan and Tajikistan, respectively.

ECO is an intergovernmental regional organisation established in 1985 by Iran, Pakistan and Turkey which provides a platform to promote economic, technical and cultural cooperation among member states.

The organisation was expanded in 1992 to include seven new members, including Afghanistan, Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan.