Sunday, February 23, 2025
HomeIran NewsEconomytwenty eighth ECO Foreign Ministers Meeting begins in Iran

twenty eighth ECO Foreign Ministers Meeting begins in Iran



The two-day convention will deal with strengthening regional connectivity by means of growing rail and street networks, streamlining border procedures and liberalizing visa regimes.

The Eurasian area, which is endowed with huge oil and fuel reserves and consists of many of the ECO member states, is of accelerating geopolitical significance.

The ECO area is endowed with appropriate capacities, alternatives and platforms for cooperation in varied sectors, significantly in vitality, commerce and transport.
Iran, one of many founders of this group, is a key member of this group on account of its geopolitical and geoeconomic place.

Iran’s wonderful vitality sources and geographical location that enables it to provide world markets make it an vital hub for multilateral cooperation and regional convergence. Additionally, it’s ideally positioned to move vitality from Central Asia and Eurasia to the remainder of the world.

The ECO area is positioned close to three main vitality facilities of the world: the Russian Federation, the Persian Gulf, and the Caspian Sea, and member states have recognized commerce, vitality, and transportation as key priorities.

Accelerating the optimum use and consumption of vitality sources within the area and offering landlocked member states of Central Asia and the Caucasus with entry to world markets are key components of the ECO Energy Strategy.

Indeed, whereas each producing and transit international locations play an intimate function within the manufacturing and provide course of, every pipeline passes by means of territory that’s an enviornment for various pursuits and motives of regional and world powers. Masu.

Iran, like different member states, is taking vital steps in the direction of additional cooperation, provided that present amenities and capabilities within the area create favorable situations for cooperation.

Iran enjoys vital benefits and optimistic elements within the ECO area. These could be summarized into three classes: oil and fuel sources, distinctive geographic places and pipelines, and appropriate infrastructure.

However, the United States’ hostile technique towards Iran stands in the way in which of successfully using these privileges. This is clear in the way in which vitality is transferred to world markets, with traders primarily American and different Western corporations, and resolutely at Iran’s expense, by means of pipelines that move by means of Turkey.

The ECO area has huge untapped oil and fuel sources. Azerbaijan, Uzbekistan, Turkmenistan, and Kyrgyzstan have over 236 trillion cubic toes of pure fuel reserves. Total oil reserves, excluding Iran, are estimated at between 60 billion barrels and 200 billion barrels, sufficient to gas Europe for nearly 20 years. Such capabilities promise a vibrant future for cooperation amongst ECO members.

The area has quite a lot of choices for transporting a few of its vitality, together with from the Black Sea by means of Russia, Georgia and Azerbaijan. Europe by means of Belarus and Ukraine. The Indian Ocean passes by means of Afghanistan and Pakistan. And Iran serves as a strategic bridge between the ECO area, the Persian Gulf, and the Sea of ​​Oman.

Central Asian and Eurasian international locations should not have entry to the excessive seas, whereas Pakistan, Turkey, and Iran do.

ECO member states can subsequently complement one another geopolitically and switch their geographical options into an appropriate platform for cooperation within the vitality sector.

Geopolitically, Iran is positioned between two strategic areas of oil and fuel sources: the Persian Gulf and the Caspian Sea. The southern area has 3,000 miles of shoreline, making certain simple, direct and secure entry to world markets for the inland areas of Central Asia.

MNA/Kayhan.ir



Source hyperlink

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Most Popular