Jul 20, 2023, 2:02 PM
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News ID: 85175727
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Mazandaran ready to swap Russia’s oil, gas: Iran official

Jul 20, 2023, 2:02 PM
News ID: 85175727
Mazandaran ready to swap Russia’s oil, gas: Iran official

Sari, IRNA – Governor-General of Mazandaran Province Mahmoud Hosseinipour has said that the northern Iranian province is ready to use its ports to help swap oil and gas.

Hosseinipour made the remarks in a meeting with the Governor of Astrakhan Oblast Igor Babushkin as well as private sector tradesmen, noting that given sanctions imposed on Russia, the northern Iranian province Russia’s oil and gas through Astrakhan.

The swap capacity of Mazandaran’s three major ports in Amirabad village of Behshahr, Fereydunkenar and Nowshahr is 12 million tons, which can be increased to 20 million tons, he added.

Russia’s trade via the northern Iranian province would be much more beneficial to the country both in terms of time and cost, the governor-general argued.

The administration of President Ebrahim Raisi gives importance to development of communication and exchanges with neighboring states, and to this end it plans to activate international corridors, including the International North-South Transport (INSTC), which will play effective role in enhancing connections between Iran and the Caspian littoral countries such as Russia.

The INSTC is one of the most important communication routes in Eurasia, which can pave the ground for transiting commodities from the Caspian Sea.

The INSTC agreement was signed by Iran, India and Russia in St. Petersburg in September 2000. The member states plan to develop their ports, roads, terminals and rail routes in order to improve trade and economic cooperation.

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