Iranian, Tajik Ministers Stress Cooperation in Oil, Gas Sectors

Capable Iranian companies are ready to enter the Central Asian oil industry’s upstream and downstream activities, Paknejad said in the meeting.

Referring to the cultural, language, civilizational, and historical commonalities of the two countries of Iran and Tajikistan, he said that expanding economic relations with the friendly and brotherly country of Tajikistan, especially in the energy sector, is of significant importance.

Paknejad added that some effective steps have already been taken for expanding economic relations with Tajikistan which is hoped to be strengthened in the future. 

He said that Iranian exploration and production companies with high capabilities are ready to enter Tajikistan and Central Asia’s oil and gas market.

Also, Juma, for his part, emphasized developing bilateral economic cooperation, particularly in the oil and gas sector, added. “In 2023, the ceiling of trade exchanges between Iran and Tajikistan reached 300 million dollars, and based on forecasts, it seems that this amount will increase by 60 percent in the current year.”

He noted that crude oil and oil products trade between the two countries could double the ceiling of their trade, adding, “We hope that during the visit of the President of the Islamic Republic of Iran to Tajikistan, the necessary preparations for expanding trade with Iran in the oil and gas sector will be made.”

Juma noted that a significant portion of Tajikistan’s crude oil and petroleum products’ daily needs are currently met through imports, and said, “Tajikistan has two oil refineries with a refining capacity of 500,000 tons per year to ensure its energy security.”

“We are interested in having Iranian companies actively participate in Tajikistan’s domestic market,” he went on to say.

He lauded the efforts of Iran’s Oil Ministry for training Tajikistan’s oil and gas industry specialists, and requested the Iranian Minister of Petroleum to provide the necessary assistance for conducting advanced courses. Furthermore, and called for deploying Iranian knowledge-based companies’ capabilities for exploration, development, and production from Tajikistan’s oil and gas fields.

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