Iran, Brazil to Hold Joint Economic Commission Soon

Iran, Brazil to Hold Joint Economic Commission Soon

Iranian Economy Minister Ali Tayyebnia is slated to travel to Brazil as head of Iran-Brazil Joint Economic Commission.

"It is important to prepare an effective roadmap for having a fruitful commission," Tayyebnia said on Saturday.

Iranian and Brazilian economy ministers in a meeting last underlined the significance of broadening bilateral ties in different areas and decided to hold a joint commission.

In October, Minister of Petroleum Bijan Zangeneh said Iran is interested to develop its relations s with Brazil and is also ready for cooperation with the Latin American country in various fields of energy including LNG and deepwater drilling.

“Both countries are oil-rich and Brazil has valuable experience in deep-water oil production,” he said at a meeting with the visiting Brazilian Minister of Development, Industry and Foreign Trade Armando Monteiro.

“Iran needs Brazil’s experience in deep water drilling in order to use them for producing oil in the Caspian Sea,” the Iranian minister added.

Refrence:Fars