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Azerbaijan Boosts Energy Security: Extends Gas Supplies to Nakhchivan Through Iran
Local Azeri media report that a new gas agreement is being negotiated to replace the expiring contract that has been supplying Nakhchivan’s annual demand of 260 to 300 million cubic meters. Since 2005, Azerbaijan and Iran have operated a swap agreement, allowing gas to flow from Iran to Nakhchivan while Azerbaijan provides an equivalent volume. A new pipeline, the Igdır–Nakhchivan, designed to enhance supply, was commissioned on March 5 but is not yet operational. The forthcoming agreement and pipeline project highlight the importance of regional energy cooperation, aiming for a stable gas supply to meet Nakhchivan’s needs efficiently.
Iran Set to Revive Offshore Oil Exploration After Six-Year Hiatus
Iran plans to resume offshore oil and gas exploration after a six-year hiatus, driven by competition from regional neighbors like Saudi Arabia and the UAE, who have made significant discoveries. The National Iranian Oil Company announced the signing of a contract for an offshore exploration rig, with operations expected to start by 2025. However, Iran faces challenges, including a shortage of operational rigs, financial constraints due to US sanctions, and the high costs of offshore drilling. Currently, Iran lags behind neighboring countries in production, particularly in shared fields, where it extracts significantly less oil and gas compared to its competitors.
Tajikistan’s Minister Lands in Tehran to Showcase Innovations at Iran EXPO 2025
The Iran Export Capabilities Exhibition (Iran Expo 2025) will take place in Tehran from April 28 to May 2, attracting over 2,500 participants from over 100 countries. A Tajik delegation, led by Minister Sherali Kabir, will engage in discussions with Iranian officials to strengthen bilateral economic ties through joint ventures, trade agreements, and investment opportunities. The exhibition aims to showcase Iran’s export potential and provide networking opportunities, workshops, and seminars. With expectations high for fruitful outcomes, Iran Expo 2025 is positioned as a key platform for enhancing collaboration between Iran and Tajikistan.
Iran’s Non-Oil Exports to Eurasia Surge 16% in First Half of Year, Reports TPOI
Iran’s non-oil exports to the Eurasian Economic Union (EAEU) have surged by 16% from March to September 2025, reflecting strengthened trade relationships and economic growth. The Free Trade Agreement (FTA) between Iran and the EAEU has significantly boosted export values from approximately $600 million to $2 billion over five and a half years. Total trade with EAEU members has risen from $2.5 billion to nearly $6 billion. Adviser Mir-Hadi Seyedi emphasized the importance of further enhancing trade ties through participation in global treaties like BRICS and the Shanghai Cooperation Organization, positioning Iran favorably in international trade.
