Brazil, Iran strengthen energy ties

Iran and Brazil have signed a memorandum of understanding to cooperate on energy, including exploration and production of hydrocarbon resources.

Offshore staff

TEHRAN – Iran and Brazil have signed a memorandum of understanding to cooperate on energy, including exploration and production of hydrocarbon resources.

According to Iranian news service Shana, the memorandum was signed in Tehran earlier this week by Iran’s Petroleum Minister Dr Masoud Mirkazemi and Harold Lima, director of Brazil’s National Oil and Gas Agency, ANP.

The two countries have agreed to set up a joint energy committee which will hold sessions every six months.

During the meeting, Iran declared that its companies were ready to participate in Brazil’s projects, and offered the Brazilian delegation participation in Iranian LNG schemes.

After meeting with officials from Iran’s North Drilling Co., the Brazilian officials were briefed on Iran’s progress in deepwater exploration in the southern sector of the Caspian Sea. They were also taken to the port of Assaluyeh, which handles gas and condensate from the various development phases of the South Pars field in the Persian Gulf.

05/19/2010

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