Iranian president invites South Korean companies to invest in Iran

Photo: Iranian president invites South Korean companies to invest in Iran / Iran

Baku, Azerbaijan, Jan. 27

By Umid Niayesh - Trend:

Iranian President Hassan Rouhani invited South Korean companies to invest in Iran's energy, oil, gas and industry sectors, Iranian IRNA news agency reported on Jan. 27.

Rouhani made the remarks during his meeting with South Korean Assembly Speaker Kang Chang-hee in Tehran on Jan 27.

Rouhani went on to say that Iran's economy is again rising, expressing hope that South Korean companies to take a more active role in the issue.

He said that leading international companies are interested in investment in Iran and economic cooperation.

Korean private sector should increase its cooperation with Iranian private sector, he added.

Commenting on the Geneva nuclear deal, Rouhani said that Iran will fulfil its obligations to the nuclear deal. He underlined that according to the Iran the Geneva deal is not temporary, but it is a foundation to achieve a permanent agreement with the west.

Iran and the P5+1 reached a nuclear agreement on Nov. 24. Iran has agreed to curb some of its nuclear activities for six months in return for sanctions relief. Iran and the P5+1 group have agreed to implement the agreement starting from Jan. 20.

Under the agreement, six major powers agreed to give Iran access to $4.2 billion in revenues blocked overseas if it carries out the deal, which offers sanctions relief in exchange for steps to curb the Iranian nuclear program.

"On behalf of Iran, there is a serious intention to reach a permanent agreement with the west on the nuclear issue, and if there is a will on the other party, we will reach a comprehensive deal soon," Rouhani added.

The South Korean speaker, for his turn, expressed hope that the former close relations between the two countries will be restored as soon as possible. Kang went on to say that South Korea wants to resolve problems in economic relations between the two countries.

Kang is the first South Korean Assembly speaker to visit Iran since the two countries established diplomatic ties in 1962.

Statistics released by Korea National Oil Corp on Dec. 20, 2013 indicate that the country's total oil imports from Iran decreased from 50.422 million barrels in first ten months of 2012 to 44.178 million barrels in the same period of this year, reflecting a 12.38 percent decline.

The country imported 3.853 million barrels of Iran oil in November 2013, while the figure was 3.041 million in the previous month and 5.871 million barrels in the same month of 2012.

Then South Korea increased Iranian oil import in November compared to December 2013 by 1.12 percent, while decreasing by 34.3 percent compared to November 2012.

Iran ranks fifth as main oil importers to South Korea between January and November after Saudi Arabia, Kuwait, UAE and Qatar.

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