Tehran, Kabul to sign new oil contract
Azerbaijan, Baku, Dec. 26 / Trend F.Milad/
Iran will boost export of oil products such as gas oil, gasoline and jet fuel to Afghanistan under a contract to be signed today in Tehran.
Iran's Oil Minister Rostam Qasemi and Afghanistan's Minister of Commerce and Industries Anwar-Ul-Haq Ahady have been in talks since Saturday and they are expected to ink an agreement to export oil products from Iran to Afghanistan, Mehr news agency reported.
In June, the two countries signed a memorandum of understanding to export 300,000 tons of oil products to the neighboring country in six months.
Gas oil will account for 70 percent of the exports, while gasoline and jet fuel will account for 20 percent and 10 percent, respectively.
The trade turnover between Iran and Afghanistan hit around $2 billion in the first 11 months of 2011, $1.5 billion of which was Iran's exports to the neighboring country, IRNA news agency quotes Iran's Industry, Mine and Trade minister, Mehdi Ghazanfari, as saying.
Iran mainly exports pharmaceuticals, cement, iron and steel products, detergents and gasoline to Afghanistan.
Afghan Ambassador to Tehran Abidollah Abid said in March that annual trade turnover between Tehran and Kabul could reach $6 billion.