Prospects of co-operation between Kazakhstan and Iran in conditions of crisis

( - Iran continues to be interested in a growth of co-operation in Kazakhstan, particularly in the trade in grain and oil.

Ramin Mehman Parast, Ambassador Extraordinary and Plenipotentiary of Iran to Kazakhstan, made such statement at a press conference in Almaty on May 22, reports Trend.

Teheran is ready to increase its oil swaps with Kazakhstan: if last year it received 1.4 million tonnes, this year the volume will triple. "We have good offers on the grain swaps. According to the current project, during the first day since the beginning of such joint activities 1 million tonnes of grain can be imported and then the swaps can grow by million tonnes each year during five years.

It means that as a result the quantity of the grain exported by Kazakhstan is going to reach 5 million tonnes. We are waiting for a Kazakhstani delegation to visit Teheran to resolve these issues," - he said.

The importance of this statement is not only in the expression of readiness to co-operate with our country - Iran has never declined from it; on the contrary, it has probably shown more energy in intensifying the relationship than Kazakhstan.

What is important is that this subject has been mentioned by the ambassador in the heat of the conflict over the nuclear programme of this neighbor country. By this Iran seems to be showing that it does not doubt that the crisis will be resolved favourably for it, which means that it remains a serious political player in the Caspian region and a potential big economic partner.

It is not a secret for anybody that the tension between the USA and Iran kept restraining Kazakhstan from intensifying economic co-operation with this big Middle Eastern country.

Politically Kazakhstan could not ignore the well-known "Iranophobia" of Washington that economically entailed profits lost that potentially could be gained through this bilateral economic co-operation. Indeed, there are different ways of transporting Kazakh oil to open seas, i.e. to the world market, but the Iranian route is the shortest one. And consequently - the cheapest.

The transit potential of the "North-South" system, of which both Iran and Kazakhstan make part, is also far from being fully used. Nevertheless, the economic co-operation and trade kept developing and growing despite all. Until the last year, when the threat of repeating the fate of Iraq started to loom over Iran suspected of possessing nuclear arms. Such development would be completely undesirable for Kazakhstan. A military conflict between the USA and Iran can paralyse oil production on the Caspian and clearly it would afflict the Kazakhstani economy. But it seems that Iran is defending itself successfully. At least at the press conference the ambassador confidently answered all questions about a possible military aggression against his country on the part of the USA saying: it's impossible.

Many experts keep saying it from the very beginning - such military operation would completely undermine the world oil market. But the crisis was scary anyway… Now it seems that the situation is gradually being resolved, but it is not completely clear yet.

Let us say once more, a US-Iranian war would be disastrous for Kazakhstan, no matter what shape and scale it would take. It directly threatens our economy and security, apart from lost potential profits in many areas. For instance, the swaps with Iran not only bring us profits from the trade in oil or grain, they also allow us to develop our own fleet, metallurgy, and mechanical engineering.

If the situation around the nuclear programme of Iran will become less tense, it will give another important effect to Kazakhstan. It is already well-known that Iran is going to launch its own petroleum stock exchange that will carry out its operations in euros.

All corresponding documents have been adopted, soon it is going to start functioning, - the ambassador said.

It is highly probable that the idea will be supported by other oil producing states and even by oil importers, such as India, China, Japan. This Asian stock exchange can become a serious alternative to New York and London counterparts, playing an important role in the price formation on the world energy market.

Kazakhstan being geographically close to Iran and regularly swapping oil with it, can become an important participant of such a project, playing its own role in the price formation.

At the moment the republic does not play any role whatsoever in this project…

Armenian soldiers demanding compensation for participation in Karabakh war
Armenian soldiers demanding compensation for participation in Karabakh war
Armenian opposition rallying in front of parliament building
Armenian opposition rallying in front of parliament building
Amnesty International documents strikes by Armenia on Azerbaijani civilian towns, villages during 44-day war
Amnesty International documents strikes by Armenia on Azerbaijani civilian towns, villages during 44-day war
Loading Bars
Azerbaijani wine products to be presented at int'l exhibition in China
Iran plans to export oil from Gulf of Oman
Amount of loans issued to Iran's industrial and mining sectors announced
India’s gift of 5 lakh doses of Covishield vaccines reaches Sri Lanka
Rector Elmar Gasimov holds online meeting with Presidential Scholars (PHOTO)
Azerbaijani currency rates for Jan.28
Non-cash transactions exceed cash turnover for first time in Azerbaijan - ABA's president
Azerbaijan nearly doubles seafood exports
Uzbekistan to increase tax on production and sale of oil products
Growth of imports of dairy products in 2020 continues in Georgia
Turkmenistan ready to start practical steps to create logistics center in Russia’s Astrakhan
Russia’s Tatneft in Turkmenistan opens tender for bulldozer services
Azerbaijani oil prices continue to grow
Kazakhstan, Switzerland see trade volume decrease amid COVID-19
Turkmenistan's Turkmenhimiya opens tender for purchase of urea-formaldehyde concentrate
Azerbaijan reveals data on population's bank deposits countrywide
Indo-Israel Chambers of Commerce eyes Israel, India, UAE business opportunities
Uzbekistan to launch number of plants for natural facing stones production
Cafes, restaurants in Azerbaijan to work on weekends
Kazakhstan eyes measures for livestock breeding market dev't within EAEU
Burj Khalifa lights up with tricolour to celebrate India's 72nd Republic Day
IMF projects Indian economy to be fastest-growing next financial year
Kazakhstan’s subsidiary bank operating in Uzbekistan increases its total assets
Nepal begins nationwide inoculation drive against COVID-19
Telephonic Conversation between National Security Adviser and Mr. Jake Sullivan, National Security Advisor of U.S.A
Toyota beats Volkswagen to become World's No.1 car seller in 2020
Azerbaijan's electronic government portal registers more users in 2020
Turkmen company exceeds salt extraction plan
Final results of market test to double TAP’s capacity due in October
Iranian currency rates for January 28
Azerbaijan's Parliament to approve new document on visas between Azerbaijan and Turkey
TAP will also be able to transport hydrogen in future – managing director
Deposits value denominated in national currency surges in Kazakhstan
Russian Aeroflot announces cancelation of regular flights to Azerbaijan
Azerbaijan extends date of implementing amendment on new construction requirement
Azerbaijan releases footage of Kalbajar's Alybayli village (PHOTO/VIDEO)
Uzbekistan reveals COVID-19 data for January 28
No virus detected in Azerbaijan's tomatoes export in 2020 - Food Safety Agency
2021 total liquids demand to be higher than 2020 annual level
Kazakhstan boosts imports from Portugal despite COVID-19
Azerbaijani-Uzbek trade turnover grows in 2020 despite pandemic
Turkmen company exceeds salt extraction plan
Kazakhstan's coal extracting venture to opens buy to buy spares
Oil falls on demand fears, strengthening dollar
Subsidiary of KazMunayGas to buy electrodes via tender
OPEC+ compliance could wane with oil demand recovery
Land plots in Baku drop in price
Russian Gazprombank talks factors for revising S&P rating on Azerbaijan to 'positive'
Germany will continue its close regional cooperation with Azerbaijan - Federal Foreign Office
Germany intends to increase co-op with Azerbaijan in renewable energy - Federal Foreign Office
Apple says new privacy notifications to roll out in 'early spring'
Iran seeks to eliminate USD in trade with Eurasian Economic Union
New carpet factory to open in Azerbaijan
NASA's Perseverance rover to land on Mars next month
Iran ready to help Kenya on knowledge-based companies
Georgian border police receives troop carriers, fuel trucks, off-road vehicles from US
Kyrgyz citizens legally working in Turkey to be able to receive pensions and benefits there
1,413 new COVID-19 cases recorded in Kazakhstan in 24 hrs
Saudi flagship investment forum calls for excellent credit solutions to global debt problems
Italy decreases import of petroleum oils from Kazakhstan amid COVID-19
EU demands AstraZeneca plan to break vaccine deadlock
Tesla profit, foggy outlook on 2021 deliveries disappoint Wall Street
Inflation converges to targeted value at end of 2020 in Georgia
Chile approves emergency use of Oxford-AstraZeneca COVID-19 vaccine
UK PM Johnson heads to Scotland amid fears of break up of UK
Europe lifts safety ban on Boeing 737 MAX jet
Mexico's richest man Carlos Slim hospitalized with COVID-19
Biden administration temporarily holds some U.S. weapons exports
Kazakhstan boosts exports to Uzbekistan despite COVID-19
Footage of cemetery destroyed by the Armenians in Azerbaijani village of Saray, Gubadly region (PHOTO)
President Aliyev congratulates re-elected President of Portugal
Turkey registers more than 7 400 new coronavirus cases
Russian bank in talks with Iran to boost currency exchanges
Dressing rooms to work, exchange of goods to be allowed in shopping malls starting February 1
EBRD to oversee more SMEs support programs in Kazakhstan in 2021
Trade, economic and investment cooperation between Kazakhstan and Ecuador expanding
German gov't lowers economic forecast for 2021 to 3 pct
Azerbaijan-Turkmenistan MoU boosts relevancy of Trans-Caspian gas pipeline
Armenia’s Metsamor nuclear plant poses potential threat to region – ombudsman
Azerbaijan eliminating damage caused by Armenia in Fuzuli, Aghdam – Trend TV
Azerbaijani State Oil Company to enter new stage of development - minister
Meeting of trilateral group on Nagorno-Karabakh region may be held soon - Russian MFA
Azerbaijan restoring houses destroyed as a result of Armenia’s aggression in Ganja (PHOTO)
Liberating Azerbaijani territories formed new regional reality - Turkish Security Council
Azerbaijan releases footage of Fuzuli district's Khalafsha village (PHOTOVIDEO)
Azerbaijan electricity provider opens tender to attract various services
Depreciation of Georgian REER associates with domestic export goods gaining competitiveness
Kazakhstan's entrepreneurship dev't fund to unite efforts with WB in SMEs support
Work on increasing level of drinking water supply to Uzbek regions continues
Coty to consolidate fragrance manufacturing operations, close Cologne factory
US companies ready to take part in restoration of Azerbaijan's liberated lands (PHOTO)
Кazakh Electricity Grid Operating Company to opens tenders buy spares for vehicles
Turkish low-cost airline eyes to link countries of religious tourism with Uzbekistan
Eurasian Development Bank setting up top priorities for this year’s strategic period
Georgia sees recovery in remittance inflows
National Bank of Georgia sells funds at foreign exchange auction to stabilize lari
EBRD continues supporting SMEs dev't in Kazakhstan
Kazakhstan reports increase in trade with Denmark
Azerbaijani Foreign Ministry grateful to Turkish side
Iran’s Bahar Azadi gold coin rebounds in price
All news