A report by the Faz Communications Agency on Monday said Iran would import up to 110,000 barrels of crude oil per day (BPD) from Azerbaijan, which could be processed at a large refinery in Tabriz, the capital of Iran’s eastern Azarbaijan province.
“This will help reduce the cost of transporting oil from southern Iran to the Tablis refinery, which will be tens of millions of dollars a year,” the report said.
The purchase said it will help Iran replace the Israeli regime as a major client of Azerbaijani oil, adding that the regime is currently responsible for nearly 20% of Azerbaijani oil exports.
Iran’s oil imports from Azerbaijan could seriously increase the level of economic ties between the two countries, the report said.
The report came when Iranian President Masuud Pezeshkian was in Baku’s Azerbaijan capital for a visit to the province, which many experts described as a sign of warming relationship between the two neighbours.
Pezeshkian and his Azerbaijani counterpart Ilham Aliyev and his accompanying delegation signed seven cooperation documents on Monday, including a major agreement to strengthen transportation cooperation between the two countries.
Fars reported that the completion of the transport corridor that passes through Iran and links Azerbaijan to the existence of Naktiban would also help boost Tehran-Bak’s relationship.
The ARAS Railway Corridor will replace the so-called Zangezur corridor, where Azerbaijan once tried to establish Armenia’s territory, adding that the route will also increase the transportation options for the international North-North-North-North-North-North-North-North-North-North-North-North-North-North-North-North-North-North-North-North-North-North-North-North-North-North-North-North-North-North-North-North-North-North-North-North-North-North-North-North-North-North-North-North-North-North-North-North-North-North-North-North-North-North-North-North-North-North-North-North-North-North-North-North-North-North-North-North-North-North-North-North-North-North-North-North-North-North-North-North-North-North-North-North-North-North-North-North-North-North-North-North-North-North-North-North-North-North-North-North-North-North-North-North-North-North-North-North-North-North-North-North-North-North-
MNA/presstv