14:47 01-11-2014
MAIN Russian
About us On-line subscription
KazakhstanTajikistanUzbekistanKyrgyzstanTurkmenistanWorld
POLITICSBUSINESSINCIDENTSSOCIETYCULTURESPORTANALYSISSCIENCE
Kuwait wants to buy Iran gas as energy ties trump nuclear fears

Bishkek (AKIpress) - a9a3321ea7dee3a5a45603d39e9a5ba6 Kuwait wants to buy natural gas from Iran, the second Persian Gulf country to announce plans to do so after Oman, showing that the lure of energy ties is overcoming concern about the Islamic republic’s nuclear program, Bloomberg said.

The two countries will reach an agreement allowing for exports from Iran, Kuwaiti Oil Minister Ali Al-Omair told state-run Kuwait News Agency yesterday after the first of two days of meetings between the two governments in Tehran.

“Gulf states are being more realistic about opening up to Iran,” Theodore Karasik, a political analyst and director of research at the Institute for Near East and Gulf Military Analysis, said by phone today. “What Iran is trying to do is, first of all, lessen regional tensions through energy and economic means and, secondly, prepare the groundwork for a potential lifting of sanctions.”

Iran, the Persian Gulf state with the world’s largest gas reserves, is looking to its closest neighbors as export markets for the fuel used to run power plants and feed petrochemical plants as it also offers supply to Europe. It’s in talks with global powers about agreeing to limits on its nuclear program in return for removal of sanctions on its energy and financial industries.

Kuwait’s Emir Sheikh Sabah Al-Ahmed Al-Sabah arrived yesterday in Iran for a two-day state visit, according to KUNA and Iran’s state-run Islamic Republic News Agency. The visit is the latest sign of improved ties between the Islamic republic and Gulf Arab neighbors since President Hassan Rouhani took office last year.

The emir is the second ruler in the six-member, Sunni-ruled Gulf Cooperation Council to travel to Iran since Rouhani became president in August, following a visit by Oman’s Sultan Qaboos bin Said Al-Said. Oman earlier this year signed an agreement to import gas via pipeline from Iran.


Twitterfacebookprint
15:25 02.06.2014
LATEST NEWS
14:26 Kyrgyz citizens amid other Central Asian countries mainly visit Turkey – Ambassador14:11 Economy Minister receives ambassadors of Italy, Canada to discuss expansion of cooperation13:59 Kyrgyzstan, Arab Coordination Group sign protocol on investment projects13:40 Situation in society, peace and confidence of people in future depends on work of police – Interior Minister21:28 Deterioration in Russian economy to impact Kyrgyzstan – PM21:16 Russian government approves decree on Kyrgyz-Russian Development Fund21:04 Korea interested in investments in Kyrgyzstan’s financial and banking sectors20:11 Democracy in Central Asia: Supporting Kyrgyzstan’s “island of democracy”19:57 Kyrgyz Post not to be privatized after reforms18:48 Kyrgyzstan receives $4.3 billion in foreign direct investments for 5 years18:25 Bishkek mayor's office reaches agreement on cooperation with Malaysia's biggest waste recycling plant18:10 Russia raises interest rates to 9.5%18:08 Turkmenistan raises prices for food and transportation18:04 8,500 cars to be assembled in Kostanay in 2014 - mayor17:55 Kazakhmys completes rebranding, it is now KAZ Minerals PLC17:36 Uzbek-U.S. upcoming consultations discussed in Tashkent17:22 Tajikistan extends operation period of Sangtuda-2 HPP for Iran for 2 years17:21 Kazakh Chamber of Entrepreneurs to revoke forged certificates17:20 Kyrgyzstan signs 27 agreements on protection of investments with foreign countries16:52 Uzbek Foreign Ministry holds meeting with Iranian Ambassador
Astana
+2° C
Ashgabat
+19° C
Bishkek
+10° C
Dushanbe
+18° C
Tashkent
+17° C
exchange rates
 
72.39
57.57
9.20
1.37
227.37
180.87
29.59
4.28
6.27
5.01
0.82
0.12
3084.28
2367.40
385.74
61.13
3.58
2.85

© AKIpress News Agency - 2001-2014
Use of the AKIpress.com materials must be accompanied by a hyperlink to www.akipress.com
Our address:
Moskovskaya str. 189, Bishkek, the Kyrgyz Republic
e-mail: english@akipress.org, akipressenglish@gmail.com;
Tel/Fax: +996(312)90-07-75