Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home Latest News

Iran keens to invest in Azerbaijani energy sector

byghadia
30/11/2015
in Latest News
Share on FacebookShare on Twitter

TEHRAN: Iran is interested in Baku’s proposal to use Azerbaijan’s infrastructure for transporting energy resources to the world markets, Azerbaijan’s Energy Minister Natig Aliyev said.

He recalled that such an initiative was made by Azerbaijan during a summit of Gas Exporting Countries Forum held in Tehran on November 23.

You might also like

DG Valuation sets new customs values for imported almonds vide VR No.2065/2026

15/04/2026

Gas prices may surge as LNG imports halt after strait disruption

15/04/2026

“Azerbaijan enjoys a developed pipeline infrastructure. Besides existing pipelines running to Russia, Georgia, Turkey and Iran, the Southern Gas Corridor project is being implemented. All this infrastructure should be used effectively not only by Azerbaijan, but also by other countries,” the minister noted.

“We will hold negotiations, consider their proposals and possibilities of expanding our pipelines to transport Iranian energy resources,” Aliyev further said.

Many international transport routes, including the Baku-Tbilisi-Ceyhan, Baku-Supsa, Baku-Novorossiysk oil pipelines and Baku-Tbilisi-Erzurum, Azerbaijan-Georgia, Azerbaijan-Iran and Azerbaijan-Russia gas pipelines originate namely from Azerbaijan.

Energy-rich Azerbaijan is considered by Tehran as a suitable route for the transit of Iran’s massive natural gas resources to European consumers.

Iran, which holds 33.8 trillion cubic meters of proven natural gas reserves – or 18.2 percent of the world’s total proven reserves – has pursued multiple projects for years to pipe natural gas to Europe.

Iran’s geographical location makes it possible for the country to bring its gas to markets in Europe only via routes running through Turkey or Azerbaijan.

Azerbaijan is already on the path to exporting not only its own natural gas to Europe, but Iran’s as well. Although international sanctions are still in place, Tehran seems willing to consider the idea.

It is believed that TANAP, which will later be linked to TAP, can become a reliable route for supplying Iranian gas to Europe. By joining TANAP, Iran is sure to strengthen Azerbaijan’s regional position as a transit country. This will not only bring economic benefits, but also political dividends that will be much more significant.

Related Stories

DG Valuation sets new customs values for imported almonds vide VR No.2065/2026

byCT Report
15/04/2026

KARACHI: The Directorate General of Customs Valuation released Valuation Ruling No. 2065/2026, superseding the previous ruling issued in December 2024....

Gas prices may surge as LNG imports halt after strait disruption

byCT Report
15/04/2026

ISLAMABAD: The impact of the Strait of Hormuz closure is beginning to reach Pakistan, as 22 LNG cargoes expected have...

IT leads list as SECP registers 2,993 companies in March 2026

byCT Report
15/04/2026

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) registered 2,993 new companies in March 2026, showing an 11% increase...

Special business passport on cards to ease investment flow: Naqvi

byCT Report
15/04/2026

ISLAMABAD: Federal Interior Minister Mohsin Naqvi indicated that the government is considering issuing special passports for members of the business...

Next Post

Pesco annual deficit reduced to Rs16b from Rs34b

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.