Gulf Oil and Gas accountACCOUNT

Namibia Keen on Enhancing Economic Ties with Iran

Source: Shana 8/6/2017, Location: Asia

Iranian Minister of Petroleum Bijan Zangeneh said Namibia has indicated keenness to enhance economic ties with Iran and enjoy the capabilities of Iranian companies in developing a newly-discovered gas field in the African country.

Following a meeting with Namibian Land Reform Minister Utoni Nujoma on Sunday, Zangeneh said the African official announced his country intends to expand the level of its ties with Iran form mere political grounds to economic ones.

Zangeneh said Mr. Nujoma also voiced Windhoek's willingness to welcome Iranians for developing a new gas field which has been recently discovered in his country, "a suggestion which we endorsed."

"We asked Namibia to send Iranian companies the field's data so that after studies, Iran's private companies start activities over the project," he added.

Namibia has previously sought cooperation of Iranian companies in building refineries in the country.

"We (the Iranian Ministry of Petroleum) have absolutely no plans for building refineries overseas but would engage in investments for securing our demand," the Iranian official added.

However, he added, the National Development Fund of Iran can be tapped for receiving loans by private companies for building refineries in other countries in order to ensure long-term sales of crude oil.

Financials and Investment News in Iran >>

Botswana >>  10/27/2020 - Tlou Energy Limited is an ASX, AIM and BSE listed company focused on delivering power in Botswana and southern Africa through the exploration and deve...
Argentina >>  10/26/2020 - President, the oil and gas upstream company with a diverse portfolio of production and exploration assets focused primarily in Latin America, announce...

Netherlands/Holland >>  10/26/2020 - On 12 February 2020, Vopak announced a share buyback program to return EUR 100 million to shareholders.

The purpose of the share buyb...

Nigeria >>  10/26/2020 - Africa Oil Corp. is pleased to announce that it has received its fifth dividend from Prime Oil and Gas B.V. (“Prime”), a company that holds interests ...

Saudi Arabia >>  10/25/2020 - SABIC reported its earnings for the third quarter of 2020. The company’s revenue for the third quarter reached SAR 29.30 billion ($ 7.81 billion), rep...
Kazakhstan >>  10/23/2020 - Nostrum Oil & Gas PLC, an independent oil and gas company engaging in the production, development and exploration of oil and gas in the pre-Caspian Ba...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


Iran Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 |

More News

Related Links

Gulf Oil and Gas
Copyright © 2020 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.