Mongolia seeks Iran's investment in energy sector: FM

Mongolia is looking for the investment of Iranians in its energy and oil sectors, the visiting Mongolian foreign minister Lundeg Purevsuren said here on Wednesday.

Beside cooperation on historical, cultural and scientific areas, Iran and Mongolia can cooperate in mining, agricultural and energy sectors, Purevsuren said.

As regard with the economic cooperation with Mongolia, the outlooks of investors should go beyond mere local market of the country, since Mongolia is a gate for big market in the region, he said.

His country is an exporter of oil to its neighbors, therefore the Iranian investors can invest in drilling and extraction of oil and finance in its energy industry, Purevsuren said.

Also, the agricultural and animal husbandry sectors of Mongolia have the capacity for the Iranian investments as it is in possession of some 70 million herds, he added.

For his part, Zarif said that economic areas are not the only focus of Iranian government in its relations with the neighbors and with the regional states, Iran and Mongolia have also held good talks for expansion of mutual cooperation on scientific, cultural and common heritage.

Heading an economic delegation, Purevsuren arrived in Iran on Wednesday for talks with Iranian economic and trade officials. Endit