Azernews.Az

Friday March 29 2024

West needs Iran’s oil, gas (VIDEO)

29 April 2015 10:39 (UTC+04:00)
West needs Iran’s oil, gas (VIDEO)

The west needs Iran, Iran’s oil and gas reserves, Sidqi Shevket, head of Azeri Daily Website, told Trend on "This Week in Focus".

Shevket said that in terms of proven gas reserves, Iran is second in the world, while also fourth in terms of having proven oil reserves.

The EU is trying to build energy security and it means that they have to diversify their flows of energy resources, he said, adding that it is not about the replacement but about being added to the supply scheme.

"The EU does not want to seize buying gas from Russia, they just want to have many sources of energy sources,” he said.

The expert believes that by the end of June Iran and P5+1 group of countries will probably achieve the final agreement, as the fact that the sides reached the framework agreement is a very big step forward.

Another important factor, according to Shevket, was that both Barack Obama and Hassan Rohani have been moving forward, despite all the opposition from both conservative circles in Iran itself, and the US, despite what Israel has been saying.

“They have moved forward because that is in the interest of the West which is trying to solve some of the regional problems with the help of Iran,” said Shevket. “And it is in the interest of Iran itself from the economical point of view.”

He said that Iran has great economic potential, and during so many years under sanctions, this country proved that it can sustain its economy. And while not verything is as well as people of Iran might wished for, but the country has still been developing despite all the sanctions, all negative imaginary, Shevket believes.

So if the sanctions are removed, it is obvious that Iran is going to achieve very high level of economic development, he said.

“In my opinion, it is important to see that Iran might become a very attractive country for foreign investors as well,” said Shevket. “I am not speaking just about its oil and gas reserves.”

What is important, Shevket says, is that Iran is a pragmatic partner.

The recent nuclear negotiations between Iran and P5+1 group of countries proved that Iran has pragmatism as one of the characteristics which is inherent to the Tehran authorities, despite all the ideological differences that Iran might have with the West and vice versa, according to Shevket.

The agreement will be important mainly for those parts of the world where Iran has certain influences, he said. Then all other kinds of political and economy deals could be possible, according to Shevket.

---

Follow us on Twitter @AzerNewsAz

Loading...
Latest See more