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. Last Updated: 07/27/2016

Iran Pushes Oil Route

TEHRAN, Iran -- Iranian President Mohammad Khatami said Iran is likely to emerge as the main route for Central Asian oil and gas, despite U.S. efforts to seek alternative routes.

The official Islamic Republic News Agency quoted him as saying Wednesday that European countries were seeking the best route for Central Asian oil and gas, and were unlikely to be swayed by the United States.

The United States has discouraged foreign investments in Iran's energy industry and encouraged investments in Central Asia that seek to channel crude fuel through routes other than through Iran.

Energy experts say Iran is the most economical and viable outlet for oil and gas from Central Asia.