Iran and the Republic of Azerbaijan have signed a deal to double the amount of Turkmenistan’s gas that is transferred to Azerbaijan through the Islamic Republic’s territory under a swap deal.
The deal to increase the gas transfer through Iran to Azerbaijan was signed during a visit by the Iranian oil minister to the Azeri capital Baku.
But the swap deal itself was inked last year. Under the agreement, Turkmenistan will transfer 1.5 to 2 billion cubic meters of gas each year to the Republic of Azerbaijan through the territory of the Islamic Republic of Iran.
The deal is volume-based and Iran will use part of the gas as the fee for the gas swap. In the meeting between the Iranian oil minister and the Azeri side, other economic issues of mutual interest in the fields of energy, oil and gas, transportation and bilateral trade were also discussed.
Iran has been expanding ties with its neighbors and regional countries under the administration of President Ebrahim Raisi
The Spokesperson of Iran's Foreign Ministry Esmaeil Baqaei has welcomed the news of cessation of…
A ceasefire between Israel and the Lebanese group Hezbollah has come into effect hours after…
Iran’s minister of economic affairs and finance has stated that the increase in Tehran’s power…
The spokesperson for Iran Air, announced the airline’s readiness to resume flights to Beirut, Lebanon,…
US citizens remain split on whether to continue sending military support to Ukraine, with a…
Israeli military has committed more than 7,160 massacres in the Gaza Strip since the start…