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Iran, an energy highway for Central Asia

TEHRAN, Sept. 2 (Mehr News Agency) - Iran could act as a highway for energy transfer to the Central Asian nations, noted here on Saturday, the managing director of National Iranian Oil Company (NIOC).

Gholam-Hossein Nozari said, however, the Central Asian nations have been denied access to the highway by forces outside the region.

Some 24 million barrels out of the 30 million barrels of oil produced by the OPEC (Organization of Petroleum Exporting Countries) pass through Strait of Hormuz - a strait between Iran and the United Arab Emirates, connecting the Persian Gulf and the Gulf of Oman, announced the Iranian official.

Iran's strategic situation has created a special niche for the nation in terms of its geographic location and energy issues, he asserted.

The Islamic Republic's location between the Persian Gulf and the Caspian Sea that are the world's two energy rich regions, is perhaps its most significant particularity in the world arena, he maintained adding, "Iran itself lies on one of the world's largest oil reserves and other deposits.

Referring to the future objectives of the NIOC, he pointed out that the company was aspiring to increase its oil production form the present 4.2 million barrels per day (bpd) to five million (bpd) by 2010.

... Payvand News - 9/2/06 ... --

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