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Iran keen on joining Indian refinery projects: minister

Xinhua, April 10, 2016 Adjust font size:

Iranian Oil Minister Bijan Namdar Zangeneh said that Tehran mulls joining refinery projects in India, Iran's Petro-Energy Information Network (SHANA) reported on Sunday.

"Indian companies are skilled in petroleum engineering and meet international standards in their work; therefore, Iranian companies may take this opportunity to boost their cooperation with their Indian partners," Zangeneh was quoted as saying.

Iran is in need of petroleum industry machinery and equipment, he said, adding that the Indian and Iranian companies can join hands to build the equipment for domestic use or to export them to the regional markets.

"There is a good market in the Central Asia and in the Persian Gulf region for the export of these kinds of equipment," he said.

Further, Iran has to take some measures to enhance its crude exports to India by attending in the country's refinery projects, said Zangeneh in an address to Iran-India business conference at Tehran Chamber of Commerce on Saturday, according to the report.

He expressed the hope that the grounds for long-term cooperation between Tehran and New Delhi in energy projects will be provided in the near future. Endit