Business

Iran Open to Transporting Russian Gas

Aug 17, 2024 1 min read

Jump to Summary

Iran is prepared to facilitate the transit of Russian natural gas through its territory, according to Kazem Jalali, the Iranian Ambassador to Russia. Speaking at the Caspian Forum in Astrakhan, Jalali highlighted Iran's keen interest in enhancing cooperation with Russia, particularly in the energy sector. He mentioned that Iran is ready to transport Russian gas via its southern gas fields and noted that Russia has been the top foreign investor in Iran in 2023.

Jalali's announcement underscores the deepening economic ties between Iran and Russia. The ambassador emphasized the strategic importance of this partnership and the potential benefits for regional stability. This development comes amid broader geopolitical shifts and evolving energy alliances, with Iran positioning itself as a critical transit route for Russian energy resources. Further details on the specific transit routes and logistical arrangements were not disclosed.

#russia-ukraine-war #environment #esg

Summary

Other news in business

Draghi Calls for €800bn EU Investment to Compete Globally

Draghi Calls for €800bn EU Investment to Compete Globally

The European Union (EU) requires a more coordinated industrial policy, rapid decision-making, and significant investment to remain competitive with the United States and China, according to a report by former European Central Bank chief and Italian Prime Minister, Mario Draghi. The report, commissioned by the European Commission, calls for an

Lilly Promotes Lucas Montarce to EVP and CFO

Lilly Promotes Lucas Montarce to EVP and CFO

Eli Lilly and Company (Lilly) has appointed Lucas Montarce as its new executive vice president and chief financial officer (CFO), effective immediately. Montarce, who joined Lilly in 2001, has held various finance leadership roles, including group vice president, corporate controller, and global CFO of Lilly Research Laboratories, Lilly International, and

Methanex Acquires OCI's Methanol Business for $2.05 Billion

Methanex Acquires OCI's Methanol Business for $2.05 Billion

OCI Global has entered into a binding equity purchase agreement to sell its Global Methanol Business to Methanex Corporation for $2.05 billion. The transaction will be settled through a combination of $1.15 billion in cash, the issuance of 9.9 million shares of Methanex valued at approximately $450

James Gandolfini Dared HBO Exec to Fire Him During 'Sopranos' Intervention

James Gandolfini Dared HBO Exec to Fire Him During 'Sopranos' Intervention

Former HBO CEO Chris Albrecht has disclosed that James Gandolfini once challenged him to "fire" him from "The Sopranos" after an intervention was staged to persuade the actor to enter rehab for his alcohol struggles. The revelation is part of the new documentary, "Wise Guy: