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Iran's membership in major European energy organization recommended

Brussels, Oct 20, IRNA -- A committee of energy experts in Iran has recommended the Islamic Republic's full membership in the Brussels-based Energy Treaty Charter (ECT).

"The committee has recommended that Iran begin the process of being a full member in the ECT. Very soon this committee will present its proposal to the government,'' Nejad-Hosseinian, deputy minister for international relations in Iran's Ministry of Petroleum, told IRNA in an interview in Brussels Wednesday.

Signed in 1994 by 51 states, the ECT provides a legal framework similar to the one the World Trade Organization (WTO) offers for trade in energy products between member countries.

It seeks to guarantee Western investment in the energy sectors of member states.

"It depends on the decision of the government (in Iran). If they agree on this recommendation we will start the process,'' said Nejad-Hosseinian who is in Brussels to take part in an energy conference organized by the ECT.

Russia along with all Central Asian Republics are members of the ECT. Iran has currently observer status along with other Persian Gulf states like Saudi Arabia, Oman, Qatar, UAE, Kuwait.

He said a working group of all organizations associated with the energy sector in Iran had recently met with experts from the ECT in Tehran to find out details about the ECT.

The fundamental aim of the Energy Charter Treaty is to strengthen the Rule of Law on energy issues, by creating a level playing field of rules to be observed by all participating governments.

... Payvand News - 10/20/04 ... --

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