Japanese deputy economy minister to meet Iranian oil minister
Baku, Azerbaijan, Aug. 8
By Fatih Karimov - Trend:
Daishiro Yamagiwa, vice-minister of Japan's Ministry of Economy, Trade and Industry, will meet Iran's Oil Minister Bijan Namdar Zanganeh in Tehran on August 9.
Japan has sent the first East Asian trade delegation to Iran after the nuclear deal between Iran and world powers on July 14, Shana news agency reported.
Yamagiwa, accompanied by executives from the oil, gas and other industries, arrived in Iran on August 8.
A senior Iranian Oil Ministry official said in July that it may be possible for Japan to resume participation in an oil field development project from which it withdrew nearly five years ago due to effects of strengthened U.S. sanctions against Tehran over its nuclear ambitions.
Japan's return to the project Azadegan project in southwestern Iran would signal the Middle Eastern country's desire to make use of Japanese companies' technical capabilities.
Senior government ministers from France, Germany and Serbia have been among those making the trek since the July 14 accord, which raised the prospect of banking and trade sanctions on Iran being lifted, possibly by the end of this year.
Last month Iran outlined plans to rebuild its main industries and trade relations following the nuclear agreement with world powers, saying it was targeting oil and gas projects worth $185 billion by 2020.