Daily News for Energy & Environment

Iran, Romania: Companies are eager to cooperate in Iranian oil and gas industry projects

Amirhossein Zamani-Nia made the remarks following a meeting with Chairman of Iran-Romania Parliamentary Friendship Group Virgil-Daniel Popescu to discuss energy ties, Shana reported.

“They have announced readiness to jointly produce oil and gas equipment in cooperation with Iranian companies,” he added.

Romania is keen on importing natural gas, said Zamani-Nia adding that the procedure was discussed during the meeting with the European side.

In December 2016, Romanian and Iranian investors signed a preliminary agreement on constructing a 1,000 MW power plant near Iran’s border with Iraq. The value of the project is estimated at $700 million, according to IRNA.

The agreement was signed during a visit of the Iranian Foreign Minister Mohammad Javad Zarif to several countries of eastern Europe. It was concluded between the Romanian part and the Iranian company Pichak Sanat Ilam.

The Romanian investors have not been named.

The Romanian part will secure 70 percent of the total investment, according to the agreement. The energy produced in the new plant will be exported to Iraq, said Iranian officials.

 

Read more about this planned cooperation on Iran Daily.

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