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Iran offers Caspian countries to create committees for co-op in transport, oil, gas and electricity fields

Business Materials 7 October 2022 12:15 (UTC +04:00)
Iran offers Caspian countries to create committees for co-op in transport, oil, gas and electricity fields

BAKU, Azerbaijan, October 7. Iranian authorities offer the Caspian countries to create committees for cooperation in the fields of transport, oil and gas, as well as the electric power industry, First Vice-President of Iran Mohammad Mokhber said during the plenary session of the 2nd Caspian Economic Forum (CEF), Trend reports.

"In order to unify and harmonize transport tariffs for rail, road and sea [transportation], expand trade and economic cooperation, create prerequisites for joint investment in infrastructure projects, Iran proposes to establish a committee for cooperation in the field of transport, transit, tariffs and customs," he said.

Mokhber noted that Iran taking into account its geographical position, has very good opportunities for conducting operations in the oil and gas sector, as well as for supplying energy resources to various regions.

"Iran proposes to establish a committee for cooperation between the Caspian countries in the field of oil, oil products and gas," he said.

According to Mokhber, there is a need to speed up the unification of Iran's electric power networks with the networks of the Caspian states.

"In this regard, the creation of a committee for cooperation between the Caspian countries in the field of electricity and water use is another of Iran's proposals," Mokhber added.

The decision to establish the CEF was made by the leaders of the Caspian Five (Russia, Azerbaijan, Iran, Kazakhstan and Turkmenistan) at the summit in Aktau on August 12, 2018 .

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