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

Muslim nations to discuss Palestine soon, Gaza in focus

The heads of the Muslim states and members of the Organization of Islamic Cooperation (OIC)…

5 hours ago

Iran says all crew members of seized Israel-owned ship released

Iranian Foreign Minister Hossein Amirabdollahian says all crew of an Israeli-owned Portuguese-flagged ship recently seized…

9 hours ago

Iranian universities rise up to support expelled pro-Palestinian students in US, Europe

Dozens of universities in Iran have offered free scholarships to the students who have been…

9 hours ago

4-year-old child found in Iran days after going missing             

A 4-year-old Iranian child has been found five days after going missing in the country's…

9 hours ago

Pro-Palestine students set up encampments at UK universities

Pro-Palestine students at campuses across the United Kingdom have set up encampments demanding that their…

23 hours ago

Israel threatens to retaliate against Palestine if ICC issues arrest warrants: Report

Tel Aviv has threatened that it will retaliate against the Palestinian Authority (PA) if the…

23 hours ago