Tehran to host third Iran-EU energy working group meeting

Oct 15, 2002 02:00 AM

Deputy Oil Minister for International Affairs Hadi Nejadhosseinian said that the third meeting of the Iran-EU Energy Working Group is to be held in Tehran in October. Nejadhosseinian told that the meeting is to focus on cooperation between Iran and the EU in oil and gas export, dialogue between consumers and producers, stabilization of prices, transfer of technical know-how and investment by European companies in development of Iranian oil and gas fields. He said that undoubtedly, the quality and outcome of the talks would be highly important for future Iran-EU relations.
He added that concurrent with the meeting, the Centre of Iran-EU Energy Cooperation would be inaugurated in Tehran to help the energy working group through expansion of cooperation between the two sides' experts and developing Iran's national energy strategy.

The official said Iran-EU Energy Working Group has been established given Iran's rich oil and gas resources and European market's demand for Iranian oil and gas. He said the EU has set aside 1,700,000 euros for compilation of strategies and plan of action.
The Iran-EU Working Group is to help implementation of research projects by Iranian specialized groups and build links between Iranian universities and European energy research centres. The group is also to offer technical facilities for technological development of Iran's energy. It is also to specify the projects, needed to undergo development, and help attraction of foreign investment for the purpose.

Source: IRNA
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