Uzbekistan seeks to buy crude oil from Iran

TASHKENT (TCA) — Iran says it is considering a request by Uzbekistan to export crude oil to the Central Asian country, Iran’s PressTV news agency reported on October 18.

Iran’s Petroleum Minister Bijan Zanganeh was quoted by local media in Tehran as saying that high-ranking Uzbek oil officials were already discussing imports from Iran with the National Iranian Oil Company (NIOC).

“Uzbekistan’s oil production is limited. Therefore, it needs to import this strategic product,” Zanganeh was quoted as saying by Iran’s IRNA news agency. “Given that Uzbekistan has no access to sea, exports to the country need to be carried out through land and probably by rail,” he said after meeting the visiting Uzbek Foreign Minister Abdulaziz Kamilov in Tehran.

The Iranian minister further emphasized that Tehran still needed to study the technicalities involved in exports of oil to Uzbekistan, stressing that the Islamic Republic supports the move as it could help strengthen relations between the countries.

During the years of US-led sanctions, Iran’s oil clients were limited to only five nations such as China, India, Japan, South Korea and Turkey. However, the list expanded after the sanctions that had been imposed against the country as a result of disputes over its nuclear energy program were lifted in 2016.

Iran’s current oil export capacity stands at around 2.6 million barrels per day, most of which is shipped to Asia and a quarter to Europe.

Sergey Kwan

TCA

Sergey Kwan has worked for The Times of Central Asia as a journalist, translator and editor since its foundation in March 1999. Prior to this, from 1996-1997, he worked as a translator at The Kyrgyzstan Chronicle, and from 1997-1999, as a translator at The Central Asian Post.
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Kwan studied at the Bishkek Polytechnic Institute from 1990-1994, before completing his training in print journalism in Denmark.

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