News ID: 463
Published: 0732 GMT August 17, 2014

Iran ready to supply oil to Uzbek refineries

Iran is ready to transfer one million tons of oil to Uzbekistan’s refineries annually through a transport corridor linking Oman, Iranian Ambassador in Tashkent Ali Mardani-Fard said.

The planned transport corridor will run from Uzbekistan across Turkmenistan and then to Oman via Iran, timesofoman.com reported.

On August 6, the foreign ministers of Oman, Iran, Turkmenistan and Uzbekistan held a meeting in Muscat as part of their continuing negotiations to further develop business and economic relations by establishing a corridor for transportation and transit.

The four foreign ministers signed the Ashgabat Agreement on Establishment of the International Transport and Transit Corridor. 

The agreement to establish the corridor connecting Central Asia to the Persian Gulf was reached in 2011 among Turkmenistan, Uzbekistan, Iran, Qatar and Oman, but Qatar later decided not to participate in the project.

At the meeting in Muscat, Yousuf bin Alawi bin Abdullah, Omani’s minister for foreign affairs, said the project reflected the common desire to achieve tangible benefits for the peoples of the four countries by enhancing trade and investment with regional and international countries.
At present, 1.6 million tons of cargo are transported via railroads of Turkmenistan, Uzbekistan and Iran. If an agreement is reached, the figure can increase by three million tons.

Experts say the corridor will help boost economic ties among the countries involved and help attract foreign investment.

   
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