Tag Archives | Azerbaijan

Caspian States start Neighbourhood Watch for the Environment

Caspian littoral states agree to start neighbourhood watch for the environment Littoral countries to the Caspian Sea have made a groundbreaking commitment to evaluate the likely impact that development projects will have on the environment in each other’s states. High-level representatives from Azerbaijan, Iran, Kazakhstan, the Russian Federation and Turkmenistan today signed the Environment Impact […]

Iran, Azerbaijan Inaugurate Joint Car Plant, Railway Project

Iran and Azerbaijan have launched a joint car plant and a railroad connecting Iran’s northern city of Astara to its namesake in the Azerbaijan Republic. The inauguration ceremony of the plant and the Astara-Astara railroad was held in Azerbaijan with Iranian President Hassan Rouhani and his Azeri counterpart, Ilham Aliyev, in attendance. The joint car […]

Iran to Open Car Plant in Azerbaijan

Iranian President Hassan Rouhani will inaugurate a car factory in the Republic of Azerbaijan in an upcoming visit, Iran’s economy minister said. Speaking to reporters at the conclusion of a Tuesday session of a joint commission on Iran-Azerbaijan cooperation, Massoud Karbasian said an Iranian automobile factory will open in the Republic of Azerbaijan during President […]

Iran, Azerbaijan Finalize 12 Agreements

Delegations from Iran and the Republic of Azerbaijan held a new session of a joint commission on mutual cooperation in Tehran, finalizing 12 agreements that the two sides had drafted in the past. The 12th meeting of Iran-Azerbaijan Intergovernmental Commission for Economic, Trade and Humanitarian Cooperation was held in Tehran on Tuesday, co-chaired by Iranian […]

EU considers Connecting Iran to Southern Gas Corridor

The EU is ready to discuss the possibility of connecting Iran to the Southern Gas Corridor, European Commission Vice-President for Energy Union Maros Sefcovic said at a press conference in Baku. This will also depend on Iran’s strategy, as presently the country mainly focuses on increasing oil export, Sefcovic said Thursday following the Fourth Ministerial […]

Iran, Azerbaijan Relations Warm Up after Years of Frost

By Saeid Jafari for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. The collapse of the Soviet Union in 1991 was followed by the independence of several states in the Caucasus, including the Republic of Azerbaijan. While the newfound Azerbaijani state has not enjoyed warm ties […]

Russia Hosting Conference on Iran-North Caucasus Cooperation

An international conference about ways to boost economic relations between Iran and the North Caucasus region opened in the Republic of North Ossetia-Alania in Russia on Tuesday. The international event is underway in North Ossetian State University in Vladikavkaz, the capital city of the Republic of North Ossetia-Alania, and will last for two days. The […]

North-South Corridor Economically Viable: Russian President

Russian President Vladimir Putin said that North-South Corridor is economically viable, adding that Tehran, Moscow and Baku plan to enhance their cooperation on the corridor. In a joint news conference following the second trilateral summit of Iran, Russia and Azerbaijan in Tehran on Wednesday, Putin said the three countries intend to have good cooperation on […]

KEPCO, SOCAR discuss Caspian Oil Cooperation

Directors of Iran’s Khazar Exploration and Production Company (KEPCO) and the State Oil Company of the Azerbaijan Republic (SOCAR) met to discuss oil cooperation in the Caspian Sea region. Mohsen Delaviz, KEPCO managing director, and SOCAR’s Rovnag Ibrahim Abdullayev met in Baku to discuss cooperation in energy projects in the region. During the meeting, Delaviz […]

Iran, Azerbaijan to Transport Goods via North-South Corridor Soon

Iran and Azerbaijan are expected to start transporting goods and cargos through the International North-South Transport Corridor (NSTC), a multi-model route to link India and the Middle East to the Caucasus, Central Asia and Europe, a report said. The two countries’ railways will be connected within the same North-South Corridor through Qazvin-Rasht-Astara route, to increase […]

Socar Eyes Energy Deals with Iran

An official with Azerbaijan’s Socar said his company is banking on signature of key oil and energy deal with Iranian partners in the current year. Ali Asghar Taheri, speaking on the sidelines of the 22nd Iran International Oil, Gas, Refining and Petrochemical Exhibition (Iran Oil Show-2017), said Socar is in talks with Ghadir Investment Group […]

Railroad Connecting Iran, Azerbaijan Comes into Operation

A railroad connecting Iran’s northern city of Astara to its namesake in the Azerbaijan Republic was tested and put into operation temporarily. The railroad, which is part of the Rasht-Astara railroad project, became operational concurrent with an official visit of Azeri President Ilham Aliyev to Iran on Sunday. Heading a high-ranking delegation, Aliyev arrived in […]

Iran-Azerbaijan Railroad to Open in Coming Months

Iran’s Minister of Communications and Information Technology Mahmoud Vaezi announced that a railroad connecting Iran’s northern city of Astara to Azerbaijan Republic’s Astara is planned to come into operation in coming months. Various efforts have been made in the current Iranian administration to facilitate and improve the activities of the two countries’ merchants, Vaezi said […]

Iran, Azerbaijan hold Business Forum

High-ranking delegations and economic activists from Iran and Azerbaijan held a business forum in the northwestern Iranian city of Oroumiyeh in a bid to boost trade relations between the two neighboring countries. The business forum took place in Oroumiyeh on Thursday night with Iran’s Minister of Communications and Information Technology Mahmoud Vaezi and Azerbaijan’s Minister […]

Iran to Establish Bank in Azerbaijan

The Governor of the Central Bank of Iran (CBI) Valiollah Seif said the country plans to establish a bank in Azerbaijan with 100 percent Iranian ownership, a report said. Azerbaijan’s Trend news agency in a report quoted Seif as saying that the plan involves turning a branch of Bank Melli Iran in Azerbaijan into an […]

Azerbaijan, Iran start Construction at new Pharma Plant

By John Lee. Construction has started at a new Azerbaijan-Iran pharmaceutical plant in the Azerbaijani capital Baku. Caspian Pharmed is 49-percent owned by Iran’s Tamin Pharmaceutical Investment Company, with the Azerbaijan Investment Company owning 25 percent and Azersun Holding 26 percent. The plant will be commissioned within two years, at a cost of over $30 […]

Nakhchivan-Mashhad Direct Passenger Train Service Launched

A direct passenger train service has been launched between Iran’s northeastern city of Mashhad and Azerbaijan’s landlocked region of Nakhchivan. The service was launched in a ceremony attended by the heads of the joint economic commissions of Iran and Azerbaijan. Mahmoud Vaezi, Iran’s minister of communication and information technology, who is also the co-chairman of […]

Iran to Link Turkmenistan, Azerbaijan with Gas Market

The Managing Director of the National Iranian Gas Company (NIGC), Hamid-Reza Araqi, told Shana on Tuesday that that a private company has entered talks with Iran for a gas swap, after talks with Turkmenistan for gas purchase and with Azerbaijan for gas sale. Araqi said the contract is for six-months and a private company will […]

German Railway Operator Says Keen to Contribute to NSTC

A leading German railway company has expressed willingness to use the International North-South Transport Corridor (INSTC) and begin delivering goods from Europe to Iran through the Azerbaijan Republic. Representatives of German railway operator Deutsche Bahn said they were interested in use of NSTC, which is expected to provide a faster and more efficient trade connectivity […]

Azerbaijan’s SOCAR in Talks over Gas Storage

The State Oil Company of the Azerbaijan Republic (SOCAR) said it is in talks with Iran over an initiative to store the country’s gas in its own facilities and later re-pump it to its northern regions. Talks are underway with Iran to see if Tehran is interested to use SOCAR’s storage facilities, Rovnag Abdullayev said, […]