Belgium, Turkey Eye Presence in Iran’s Gas, Energy Market

The Belgian deputy prime minister said Brussels and Ankara will cooperate on major gas and energy projects in Iran under a joint venture agreement.

Didier Reynders said Friday that Belgium and Turkey have agreed to cooperate for construction of natural gas power plants and renewable energy projects in Iran in the wake of the removal of anti-Tehran sanctions.

“With the lifting of the embargos on Iran, there will be many changes in the energy sector and we will see new investments in the country,” Reynders said as quoted by Anadolu Agency.

“Turkish and Belgian companies are already cooperating in a number of projects,” he added.

There has been growing international interest in trade ties with Iran since Tehran and the Group 5+1 (Russia, China, the US, Britain, France and Germany) on July 14, 2015 finalized a comprehensive deal on Iran’s nuclear program and implemented it on January 16.

The comprehensive nuclear deal, also known as the Joint Comprehensive Plan of Action (JCPOA), terminated all nuclear-related sanctions on Iran after coming into force.

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