Official Highlights Iran, Oman Potential to Enhance Mining Cooperation

News ID: 942683 Service: Economy
ایران و عمان

TEHRAN (Tasnim) – The managing director of Iran’s Gate Investment Delta said Tehran and Muscat have great potential to further increase their joint cooperation in the mining sector in the wake of the upcoming sanctions relief.

There is huge potential for cooperation between Iran and Oman in the mining sector, especially when it comes to the implementation of joint projects and exchange of knowledge, Abbas Doagouei told Times of Oman on Monday.

He added that more opportunities will open up after the removal of the anti-Tehran sanctions and the full operation of the planned shipping lines between the two countries.

Gate Investment Delta was established in Oman around five years ago. It mainly sells products of Iran’s Gol Gohar Mining Company like iron ore concentrate, sponge iron and other iron and steel products in Oman and other international markets.

The products exported from Iran to Oman are either used in Oman or re-exported to other countries.

Tehran and the Group 5+1 (Russia, China, the US, Britain, France and Germany) on July 14 reached a conclusion over the text of a comprehensive 159-page deal on Tehran’s nuclear program.

The comprehensive nuclear deal between Iran and the six powers would terminate all nuclear-related sanctions imposed on Iran after coming into force, and help the country return to the global market.

Experts believe that Iran’s economic growth would rise remarkably after the final nuclear deal takes effect.

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