Iran offers establishment of energy corridor from Russia to Persian Gulf

May 12, 2024 - 15:11

TEHRAN - Mojtaba Damirchilou, the secretary-general of the Eurasian Department at the Ministry of Foreign Affairs has proposed the establishment of an energy corridor from Russia passing through Iran to the Persian Gulf.

Speaking on the sidelines of the 28th Iran International Oil, Gas, ?Refining and ?Petrochemical Exhibition (Iran Oil Show 2024), Damirchilou said according to the geographical location and existing infrastructure in Iran, the capacity is available to pay attention to this issue, as regional countries are also interested in cooperating with Iran in this regard.

The use of existing infrastructure and the creation of new infrastructure to reach regional markets should be considered.

constructive cooperation has been started to this end and we have a clear vision, the official stated.

He also noted that there is cooperation between Iran and the regional countries in the field of energy export, swap, and transit.

There have been long-standing ties between Iran and the countries of the Eurasian region, as these regions have extensive connections with Iran, the official stated.

The official went on to say that Iran has energy ties with all the countries of the Eurasian region, explaining that these countries are either oil and gas producers and exporters or energy consumers.

Iran's energy networks are connected with Turkmenistan, Azerbaijan, and Armenia, Damirchilou noted, adding that effective communication between Iran and neighboring countries is underway.

“In the field of exporting petroleum products and petrochemical products, there are many capacities and a clear perspective could be imagined,” he said.

As for investment and joint cooperation, such as the development of oil and gas fields, a constructive understanding has been formed between Iran and Russia, as several contracts are being implemented, he said, noting that under the new conditions of Russia due to the oil embargoes on the country, a new field of cooperation has been formed.

In the Iran Oil Show 2024, some companies from the Eurasian states were present to get familiar with the potentials of Iran, and efforts were made to establish professional connections between the experts and representatives of Iranian and Eurasian companies, the official stated.

Inaugurated on Wednesday, Iran OilShow 2024 was open to visitors at the Tehran International Permanent Fairground until Saturday.

EF/