RoydadNaft –  Tajikistan has begun receiving oil and fuel products from Iran. The move opens a new export market in Central Asia and could affect Iran’s foreign-currency earnings.

According to Roydad Naft, citing the Iran Oil Gas news site, Tajikistan has started taking Iranian oil and petroleum products. The source has not released details on cargo volumes, sale prices, or the delivery route.

The significance is a new market for Iran’s refined products — ready-to-use fuels such as gasoline, diesel, and fuel oil. Any new export outlet can bring in more foreign currency, which over time can affect the domestic foreign-exchange market.

Tajikistan is landlocked and has no access to open seas. It covers most of its fuel needs with imports. Its main suppliers so far have been Russia and neighboring Central Asian countries.

Iran’s entry means competition with Tajikistan’s traditional suppliers. The real effect on Iran’s foreign-currency income will depend on the size and continuity of the cargoes. Official figures in the coming days would give a clearer picture of the trade.