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Iran eyeing oil & gas trade with Hungary

Business Materials 14 November 2016 20:08 (UTC +04:00)

Tehran, Iran, Nov. 14

By Mehdi Sepahvand – Trend:

Iran’s Minister of Economy Ali Tayyebnia has said his country is looking forward to having oil and gas trade with Hungary.

Iran can cooperate with Hungary in such diverse areas as production, joint investment, petrochemicals, and other industries, he told Speaker of Hungary’s National Assembly László Kövér in a meeting in Tehran, SHANA news agency reported November 14.

He asked Kövér and Iranian Parliament Speaker Ali Larijani to conduct economic cooperation agreements and pass bills on avoidance of double taxation to help bilateral trade.

Kövér for his part quoted Larijani as having said that the Iranian Parliament will pass a document on Iran-Hungary cooperation in the economic field in the near future.

He hailed Iranian and Hungarian oil companies’ deal over 140,000 tons of oil as an achievement.

The two countries signed eight documents and memorandums of understanding when Hungarian Prime Minister Victor Orbán visited Iran last November.

According to the documents, Tehran and Budapest will boost their political consultations and promote their cooperation in the fields of economy, investment, tourism as well as cultural, scientific and educational exchanges.

The two sides will also cooperate on health, medicine and communications technology.

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