Tehran keen on joining Indian refinery projects

The Iranian oil minister said that the Indian companies are skilled in petroleum engineering & meet international standards in their work

Iranian Oil Minister Bijan Namdar Zangeneh has said Tehran mulls joining refinery projects in India, the country's Petro-Energy Information Network, SHANA reported on Sunday.

"Indian companies are skilled in petroleum engineering and meet international standards in their work. Iranian companies may take this opportunity to boost their cooperation with their Indian partners," Xinhua quoted Zangeneh as saying.

Iran is in need of petroleum industry machinery and equipment, he said, adding that the Indian and Iranian companies can join hands to build the equipment for domestic use or to export them to the regional markets.

"There is a good market in the Central Asia and in the Persian Gulf region for the export of these kinds of equipment," he said.

Further, Iran has to take some measures to enhance its crude exports to India by attending in the country's refinery projects, said Zangeneh in an address to Iran-India business conference at Tehran Chamber of Commerce on Saturday, according to the report.

He expressed the hope that the grounds for long-term cooperation between Tehran and New Delhi in energy projects will be provided in the near future.