Iran implementing water, power projects valued at $3.8b overseas: official

TEHRAN – Iran is currently implementing 70 water and power projects, valued at $3.8 billion, in other countries, Iranian Deputy Energy Minister Esmaeil Mahsouli said on Wednesday.

The country has already terminated 224 projects, worth $1.508 billion, outside the country and is negotiating to carry out another 39 projects, valued at $2.3 billion in other countries, the Mehr News Agency quoted Mahsouli as saying.
Iran exported technical-engineering services to 40 countries despite all the barriers caused by Western sanctions imposed against the country over its nuclear program, the official added.
Interest in Iran as a destination for business is growing ahead of the international talks, which are being held to resolve the deadlock over Iran’s nuclear program.
If the discussions between the six major powers and Iran progress smoothly, it is expected that the sanctions imposed on the country will be eased and commercial routes will be revived.

Leave a Reply

Your email address will not be published.