FIEEI head calls for utilizing Iran, Russia energy capacities to identify new markets

SHANA (Tehran) – The Federation of Iranian Energy Export Industries (FIEEI) head said on Saturday new markets can be identified by utilizing the energy capacities of Iran and Russia.

Talking to SHANA, Hamidreza Salehi added, “In addition to their presence in each other’s energy market, Iran and Russia can jointly get into the third market.

Situated between the world’s East and West, Iran can be not only the energy exporter, but also the route for transiting Russia’s energy products to other parts of the world.

“Iran, for instance, can help Russia export gas to Oman,” said the FIEEI chief, adding, “Given its gas and electricity capacities, Iran can also turn into an energy hub in the region.”

Considering its neighbors, Russia, Turkmenistan, and Qatar, which are the world’s largest gas producers, Iran can play a role in pricing gas, Salehi noted.

Shifting to the Federation of Iranian Energy Export Industries’ role, he said FIEEI is a facilitator and has outlined plans for presence in the common markets of oil, gas, electricity, and related industries.

The federation has 21 members, explained Salehi, saying, “Due to the membership of different energy holdings and associations, Iran Electrical Industry Syndicate (IEIS), Society of Iranian Petroleum Industry Equipment Manufacturers (SIPIEM), refineries, and bunkering companies in FIEEI, 65 percent of Iran’s non-oil exports are done by its members.”

News ID 638380


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