BAKU, Azerbaijan, February 18. Iran is working to establish an energy corridor connecting key global energy and geopolitical centers, spanning from the Caspian Sea in the north to the Persian Gulf and the Gulf of Oman in the south, said Seyid Ali Mohammad Mousavi, Iran's Deputy Minister of Oil for International Affairs and Trade, Trend reports.
During his speech at the Third Caspian Economic Forum Sea littoral states in Tehran on February 18, Mousavi stated that Iran is ready to facilitate the exchange of crude oil, natural gas, petroleum products, and petrochemical shipments. These resources could be accessed from Eastern markets, including Afghanistan, Pakistan, and India, as well as from Western markets such as Türkiye, Iraq, and international markets around the Persian Gulf.
He further emphasized that the Ministry of Oil has developed infrastructure at key ports across the Caspian Sea, Persian Gulf, and Gulf of Oman. For example, the Neka oil terminal in the north is equipped to handle the simultaneous loading and unloading of vessels with capacities between 5,000 to 7,000 tons for crude oil, gas, and petroleum products. The terminal also houses a storage capacity of 1.5 million barrels and features laboratory facilities to conduct various tests, offering services to neighboring countries’ oil companies.
Mousavi added that integrating Iran’s electrical grid with neighboring countries could enhance grid stability while creating diverse markets for energy exchange.
To note, the Caspian Sea Countries Economic Forum is being held in Tehran on February 17-18, with the participation of Azerbaijan, Russia, Kazakhstan, Turkmenistan, and Iran.
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