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News number: 8801241305

18:39 | 2009-04-13

Economy

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Iran, Brazil to Boost Energy Cooperation

TEHRAN (FNA)- Iran and Brazil agreed to boost mutual cooperation in building power plants and developing oil and gas fields.



The agreement was made in meetings between Iranian Deputy Oil Minister Hamid Chitchian and Deputy Energy Minister Hossein Noqrekaar Shirazi and Brazilian deputy mine and energy minister.

At the meetings, the two sides agreed that Iranian companies introduce their plans for building power plants in Brazil, given the existing potentials in the Latin country for exploiting water and thermal resources.

It was also agreed that the Brazilian companies expand their investments in gas, oil and petrochemical fields in northern and southern Iran, and Iranian companies, in turn, run activity in Brazil's oil fields.

Negotiations between the deputy ministers took place during a recent visit to Brasilia by Iranian Foreign Minister Manouchehr Mottaki.

The Iranian foreign minister toured last month several African and Latin American states, including Mali, Mauritania, Gambia, Brazil and Venezuela.

The issue is to go under further discussions during an upcoming trip to Brazil by Iranian President Mahmoud Ahmadinejad next month.