Egypt oil sector welcomes Iranian investment
Azerbaijan, Baku, Feb.10 / Trend F.Mehdi/
Egypt has welcomed Iranian investment in building petrochemical units in the country, the Fars News agency reported.
Iranian Oil Minister Rostam Qasemi has proposed investments in Egypt's oil and gas industry, especially in building petrochemical units.
During the recent visit of Iranian President Mahmoud Ahmadinejad to Egypt, Qasemi announced that Iran plans to export crude oil to Egypt and named the country as one of the new buyers of Iranian oil.
At a press conference held immediately after a meeting with Egyptian counterpart Mohammed Mursi, the Iranian president said that the cooperation between Cairo and Tehran will serve the welfare of the region's population and that cooperation is inevitable, Trend reported.
Ahmadinejad stressed that he sees the strengthening of Egypt as the strengthening of Iran and that some external forces want to prevent cooperation between the two countries.
Iran's president stressed interest in cooperation with Egypt in the economic sphere.
In his statement, President Ahmadinejad stressed that ten million tourists from Iran annually visit various countries.
He added that he would like for some of these tourists to visit Egypt.
In an interview with the Egyptian newspaper "Al-Ahram", Iran's president said that the country's imports gradually increase and Tehran can provide loans to Cairo.