Malaysian firms keen to invest in Iran’s oil sector
Baku, Azerbaijan, Oct. 22
By Fatih Karimov – Trend
The Malaysian companies are interested to invest in Iran’s oil industry, Bijan Namdar Zanganeh, the Islamic Republic’s oil minister, said.
He made the remarks following a meeting with Mustapa Mohamed, Malaysia's Minister for International Trade and Industry in Tehran Oct. 22, SHANA news agency reported.
Zanganeh said that Tehran welcomes investments of Malaysian companies, including PETRONAS, which have already cooperated with Iran’s oil sector for years.
The companies which are interested to take part in the projects will receive back their investment from the oil/gas field’s output.
The companies from the both sides will hold further negotiations to study the cooperation areas, Zanganeh, said.
Heading an economic delegation from Malaysia, Mohamed arrived in Tehran on Oct. 21. Representatives of renowned companies and senior businessmen and entrepreneurs are accompanying the country’s minister.
Some of the areas of interest for the Malaysian company representatives include coffee, tea, cocoa, dairy products, oil and gas, renewable energy, engineering, shipbuilding and offshore oil and gas rigs, power generation, smart network control systems, e-commerce, etc.
The visit takes place two weeks after Iranian President Hassan Rouhani's visit to Malaysia.