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Italy’s Snam yet to decide on Iran visit

Business Materials 28 September 2015 16:33 (UTC +04:00)

Baku, Azerbaijan, Sept. 28

By Umid Niayesh - Trend:

The Italian gas infrastructure company Snam has not taken a decision so far to accompany the Italian delegation to Iran in November, Davide Sempio, head of media external relations at Snam told Trend Sept. 28.

Italy's Deputy Minister of Economic Development Carlo Calenda will lead a delegation of over a hundred representatives from various companies and banks to Iran from November 28 to 30.

"We have not taken a decision on this so far, as the organization of the visit still needs to be defined on several levels," Sempio underlined.

Iranian President Hassan Rouhani said in a meeting with Italian Prime Minister Matteo Renzi on Sept. 27 that ground is prepared for the activity of Italian oil and gas firms in Iran.

Considering that Italian companies have contributed to the implementation of oil, gas, and industrial project in Iran, the way is paved for their activity in Iran after the sanctions are removed, the president noted.

Italian Minister of Economic Development Federica Guidi said in August that Italy will try to increase its volume of trade with Iran back up to €7 billion. Iran-Italy's trade turnover is about $1.5 billion right now.

After several months of talks, on July 14, Iran and the P5+1 (US, Russia, China, France, UK, and Germany) announced a final accord, curbing Iran 's nuclear program in exchange for the lifting of most international sanctions.

Following the deal Iran 's former trade partners have started dispatching delegations to Tehran to study cooperation in the post-sanctions period.

Edited by CN

Follow the author on Twitter: @UmidNiayesh

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