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Since 2014 Russia has been paying $9.8 per transit of one ton of oil to China via Kazakhstan.
Read More »Kazakhstan Ups Cost of Russian Oil Transit to China
Iran. Russia. Azerbaijan Agree on 50% Cut in Transit Tariffs
IRIR is currently building a railroad from the Iranian Caspian port city of Astara to the border with Azerbaijan.
Read More »EU Look for Bolster Iran Nuclear Deal
European officials are increasingly confident that the Trump administration will not tear up the agreement.
Read More »Iran-Azerbaijan Railway Construction Begins in North
Iran-Azerbaijan railway is part of a larger national development project called the North-South Corridor.
Read More »Zarif: Need to Restructure ECO
The main purpose of the organization is to promote economic. technical and cultural cooperation among member states.
Read More »SOCAR Drills New Wells in Caspian Sea
SOCAR drilled 11.150 meters in January 2017. as compared to 9.810 meters in the same month of 2016.
Read More »Iran. Italy in Green Energy. Power Plant Talks
About 10% of our total electricity output comes from hydroelectric power stations
Read More »Iran Plans Further Investment in Azerbaijan
Azerbaijan and Iran are to increase air service between the two countries.
Read More »Plan to Purchase 950 Tons of Kazakh Yellow Cake
Tehran'.s purchase of natural uranium is monitored by the International Atomic Energy Agency.
Read More »Iran Sees US Shale Gas No Threat to Petrochem Industry
There are also potential natural gas reserves in the region.
Read More »