Iran to export gas to Romania

Jan 26, 2003 01:00 AM

Romanian Minister of Industry and Resources Dan Joan Popescu and Iranian Oil Minister Bijan Namdar Zanganeh agreed to launch expert studies for piping Iranian gas to Romania. In a meeting with Oil Minister Bijan Namdar Zanganeh, Popescu called for Iranian gas export to Romania and said that Romania is keen on importing Iranian gas in line with the negotiations already done in this respect.
He also said that Romania is willing to launch joint investments with Iran adding that the Romanian enterprises are fully prepared to cooperate with Iranian businessmen on the field and proceed with joint venture investments. The Romanian minister said that major projects in the field of energy and bilateral cooperation would contribute to increased trade between the two states.

Referring to the expertise of Romanian enterprises for laying pipeline networks to carry Iranian gas to Romania, he said that Iran would export gas to Europe in addition to Romania with setting up the gas pipeline. Popescu extendedan invitation to Zanganeh to visit Romania, and called for Zanganeh's support for Tehran-Bucharest energy cooperation.
Zanganeh said that Iran and Romania would broaden mutual relations thanks to both parties determination to cooperate closely in various fields, specially the transit and export of gas. He pointed to the understanding reached between the two states on the export of Iranian gas to Romania and its transfer to Europe as the first step to be taken for laying a firm foundation for the new round of cooperation.

Zanganeh referred to the expertise of Iranian companies in various sectors of oil industries and stressed that Romanian enterprises should also cooperate with their Iranian counterparts to ensure that transfer of technology will take place with domestically manufactured equipment. Pointing to Iran's investment of $ 20 bn in the field of oil in the past three to four years, Zanganeh said that mutual cooperation would lead to development of favourable market opportunities.
The two ministers signed a Memorandum of Understanding on the transfer of Iran's natural gas to Romania and onward to Europe. The two sides agreed to form special expert committee to conduct studies for transfer of Iran's natural gas to Romania and onward to Europe.

Source: Islamic Republic News Agency
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