Addressing the 22nd Meeting of the Council of Heads of Government of the Shanghai Cooperation Organization Member States in the Kyrgyz capital Bishkek, he called for setting up a joint fund to finance upstream and downstream petrochemical projects.

The vice president also proposed the launch of a regional hub, “Shanghai Energy”, with the aim of trading, swapping, and guaranteeing security of energy, including fossil fuels, electricity, and renewable energies.

In addition, Mokhber expressed Iran’s readiness to export technical and engineering services and manufacture oil, gas, and petrochemical equipment.