Czech Republic desires to import gas from Iran
Iran's oil Minister Bijan Namdar Zanganeh announced interest of Czech Republic to import natural gas from Iran.
He made the remarks in a meeting with Czech Republic Minister of Industry and Trade Jan Mladek on Jan. 18, the official IRNA news agency reported.
Zanganeh said that exporting gas to Czech Republic by pipe is not possible now, but considering Iran has an incomplete unit of LNG, the Czech side may sign a long-term contract with Iran for importing Liquid Natural Gas (LNG) or cooperate in its investment.
He also expressed Iran's interest for cooperation with Czech Republic in the sector of underground reservation of gas considering its capabilities and continuation of negotiation in this field.
Zangeneh underlined that Czech companies may have cooperation with Iran as investors and not contractors.
He added that Czech Republic is strong industrially and is able to cooperate with Iran in manufacturing oil equipment.
Czech companies can cooperate with Iranian companies in transferring technology, manufacturing goods and equipment of oil industry and also investing in the petrochemical industry.
Based on the statistics available, volume of trade exchange between Iran and the Czech Republic in the first five months of the Iranian year (started March 2015) stands at $12.3 million.
Iran's export to Czech Republic stood at $2.3 million and its imports from the Republic was $10 million in value in the five months.