Categories: EconomyHard News

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.

Emad Askarieh

Emad Askarieh has worked as a journalist since 2002. The main focus of his work is foreign policy and world diplomacy. He started his career at Iran Front Page Media Group, and is currently serving as the World Editor and the Vice-President for Executive Affairs at the Iran Front Page (IFP) news website.

Recent Posts

Iran FM delivers Leader’s message to Putin, underlines boost in ties

The Iranian foreign minister met with President Vladimir Putin of Russia in Moscow, delivering the…

58 minutes ago

Terrorist ringleader killed in security operation in southeastern Iran

Iranian security forces killed the operational commander of the so-called Jaish al-Adl terrorist group during…

1 hour ago

Iran’s president praises Army as “nation’s strong fortress”

Iran’s President Massoud Pezeshkian hailed the country’s Army as an indispensable pillar of national security…

1 hour ago

Saudi Defense Minister: Cooperation with Iran cornerstone of regional security

The Defense Minister of Saudi Arabia, Khalid bin Salman bin Abdulaziz, emphasized that engagement with…

1 hour ago

Iran’s women’s basketball team crowned at West Asia Championship

The Iranian women’s national basketball team delivered an outstanding performance, defeating the host country Jordan…

1 hour ago

Hamas says Israel is “weaponising” Gaza aid

Palestinian group Hamas says Israel is openly using starvation as a weapon of war with…

16 hours ago