Trade

South Africa Shows Readiness in Resuming Iran Oil Imports

Thursday, 10 September 2015 16:45

South Africa has declared that it is keen on resuming the imports of Iranian crude as soon as sanctions against the country are removed.

 “For South Africa if there’s a process of doing that lawfully, tomorrow we will do it, if there are no obstacles to that,” South Africa’s Deputy Foreign Minister Nomaindiya Mfeketo told Farsnews.

A South African Petroleum Board is expected to travel to Tehran later this month to discuss resuming oil imports from Iran as well as confering on developing cooperation in the oil industry, petrochemicals and GLT production units as well.

Tehran on August 29 hosted the 6th meeting of Iran and South Africa Joint Political Commission witnessed by the two countries' deputy ministers and officials.

The meeting was reported to have been attended South Africa's Deputy Foreign Minister Nomaindiya Mfeketo, Deputy Energy Minister Thembisile Majola, Deputy Finance Minister Mcebisi Jonas, Deputy Minister of State Security Ellen Molekane, as well as 30 general directors from different ministries in South Africa.

Afterward the Iranian Deputy Oil Minister Mansour Moazemi announced that South Africans were to have talks with officials from the National Iranian Oil Company (NIOC) concerning the construction of new refineries and developing the capacity of the present ones in the Islamic Republic.

The African country is even ready to buy petrochemicals from Iran and is setting the grounds to take part in Iranian projects to produce Liquefied Natural Gas (LNG) as well as Gas to Liquid (GTL),” he said.

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