Summary/Abstract |
Energy relations between Iran and the Republic of Azerbaijan go back to the 1990s, after the collapse of the Soviet Union. Before Azerbaijan gained its independence, direct economic relations between the two were impossible. Once the leadership of Heyder Aliyev emerged as uncontested, however, the first energy agreement between the two countries was signed. Azerbaijan, with huge oil and gas reserves, began to present itself as a key ally in the European energy market, partly by retaining an interest in having a potential role in the southern gas corridor. At the same time, Iran — holding the largest natural-gas reserves in the world and the fourth-most-abundant proven oil reserves — has been planning to take its rightful share in the world energy market, primarily as a major natural-gas exporter.
|