Singapore to invest in Iranian energy and water sector

Jul 15, 2004 02:00 AM

Iranian Minister of Oil Bijan Namdar Zanganeh urged consolidation of Tehran-Singapore ties in the oil, gas and petrochemicals field.
During a meeting with the visiting Singaporean Prime Minister Goh Chok Tong, Zanganeh underscored the two countries' potential for mutual investment. The Singaporean premier, for his part, pointed to the towering position of Iran in the Middle East in various areas, particularly oil, gas and petrochemicals.

The two sides emphasized in their talks the need to focus on increasing their mutual investment and to establish a joint trade centre to boost their entry into the huge Southeast Asian market. Zanganeh also expressed his country's readiness to cooperate with Singapore in the chemicals and LNG fields.
In another developments, Iranian Energy Minister Habibollah Bitaraf said the visiting Singaporean prime minister declared his country's interest in investing in Iran's water, electricity and wastewater sector.

After a meeting with Singaporean premier, theminister stated that Goh Chok Tong was informed of Iran's capacities for investment in water and electricity sector and "we proposed that Singaporean companies build power plants in Iran."
"The Singaporean prime minister also welcomed our proposal for building urban water and wastewater installations.”
The visit is the last leg of the Singaporean prime minister's South Asian tour which has already taken him to Pakistan, Bangladesh and India.

Source: Tehran Times
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