Pakistan has approved a shipping license for Sea Keepers, an international maritime transport company, to enhance its maritime capabilities. Announced by Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry, this license aims to strengthen connections with Iran and the Persian Gulf Cooperation Council (PGCC) countries. The initiative is seen as a milestone in Pakistan’s maritime policy, enhancing regional connectivity, promoting religious tourism, and boosting economic activities. The new service is expected to serve hundreds of thousands of passengers yearly, including religious pilgrims and workers, facilitating smoother travel and contributing to economic growth and cultural exchange in the region.
Iran’s rail transit volume is projected to reach eight million tons by March 20, 2026, according to Jabbar Ali Zakeri, the deputy minister of roads. This growth is expected to boost the domestic economy and generate foreign exchange. Long-term goals include increasing transit capacity to 40 million tons through infrastructure projects like the East-West and North-South corridors. Upcoming contracts for locomotives are also anticipated, signaling a push for modernization in rail transport. The development of rail transit is crucial for economic growth, job creation, environmental benefits, and improved connectivity, promising a transformative period for Iran’s transportation sector.
Iranian Oil Minister Paknejad announced a major achievement in the oil sector, reflecting resilience against sanctions. During a Cabinet meeting, he revealed the completion of one of Iran’s largest oil contracts, expected to boost future exports. Key highlights include record oil exports from December 2024 to January 2025, ongoing preparedness for unilateral sanctions, and measures to counter the U.S. maximum pressure campaign. Paknejad credited the hard work of oil industry employees for these successes. As Iran’s oil sector adapts to challenges, the upcoming contract and record exports signal a promising outlook, enhancing its position in the global market.
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Dana Gas, a UAE-based energy company, has suspended production at its Khor Mor facility in Iraqi Kurdistan following a rocket attack that damaged a liquid storage tank. Fortunately, no personnel were injured. The company halted operations to extinguish a fire and assess the situation, emphasizing safety and coordination with local authorities. Nechirvan Barzani, the Kurdistan Region’s head, condemned the attack as a “terrorist” act and called for justice. This incident raises concerns about regional stability and could impact the local economy, which heavily relies on energy production. Dana Gas plans to provide updates as the situation evolves.
The Islamic Republic of Iran Railways (RAI) is enhancing railway transit with Turkmenistan, following a visit by CEO Jabbar Ali Zakeri to Ashgabat. An agreement was reached to increase annual cargo transit between the two nations to 10 million metric tons by 2027. They plan regular meetings with Kazakhstan and Russia to improve logistics, and Iran will establish a new railway link via Lotfabad, offering discounts on cargo transit. Turkmenistan will expand facilities at the Sarakhs border to accommodate increased traffic. These initiatives aim to strengthen economic ties, boost regional trade, and enhance transportation infrastructure in Central Asia.