Iran proposes energy charter draft for ECO

Oil&Gas Materials 6 March 2013 16:32 (UTC +04:00)

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

The Iranian Oil Minister has proposed the drafting an energy charter for the Economic Cooperation Organization, IRNA reported.

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

He made the remarks today during the 3rd 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 which are being discussed at the three-day event.

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

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

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