Norway opens $1B credit line for Iran
Tehran, Iran, October 9
By Mehdi Sepahvand - Trend:
Norway has opened a line of credit of $1 billion for companies that are interested in working with Iran, according to Børge Brende, Norway’s foreign minister.
Brende made the remarks in a meeting with Iran’s Minister of Economy Ali Tayyebnia in Washington on the sidelines of the International Monetary Fund meeting, Iran’s Ministry of Economy reported October 9.
Brende said that Norway has been quick to have used $400 million of the credit line already.
He added Norway’s biggest bank D&B is interested in having a place in the Iranian market, adding Norway will welcome cooperation in oil, gas, fisheries, and other maritime fields.
Tayyebnia for his part said the two countries should as soon as possible operationalize their agreements on the elimination of double taxation, customs agreements, and investment to boost mutual trade volume.
On October 2 the National Iranian Tanker Company (NITC) expressed readiness to cooperate with Norwegian firms in LNG transportation.
The NITC is cooperating with a large number of the Norwegian firms in the fields of ship parts and equipment, insurance, ranking and classification, expressing hope that the cooperation will expand in the near future.
The Islamic Republic of Iran Shipping Line (IRISL) and Norway’s Skuld Protection & Indemnity (P&I insurance) signed a memorandum of understanding for cooperation in the shipping insurance in August.
The deal envisages cooperation on marine insurance and insurance complaints as well as training and updating capabilities and knowledge of Iranian experts.