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S. Korea invests $5.5 Billion in Iran
Iran’s new ambassador to
Seoul, Jahanbaksh Mozafari, put
South Korea’s investment in
Iran at some $5 billion – and set to increase
with liquefied natural gas (LNG) exports.
He identified
petrochemicals, natural gas, steel, automobiles and shipbuilding as
South Korea’s investment fields. He cited that
country’s cooperation with
Iran in the development of phases two and
three of the South Pars gas field in the
Persian Gulf. He also expressed hope that with
Seoul’s purchase of LNG, the level of
cooperation between the two countries will at least double in the fields of
construction of gas jetties, petrochemical complexes and LNG transporters –
since
South Korea is the world’s second largest LNG
importer.
In regard to bilateral
economic exchanges, he said
Iran and
South Korea have exchanged a total of $2.1 billion
worth of goods this year, with
Iran’s exports put at $1.1 billion and
South Korea’s at $1 billion. In 2000 there was a
total exchange of $3.8 between the two countries, with
Iran’s exports amounting to $2.1 billion of
the total. Thus it is the first time the two countries are witnessing a
balanced exchange.
He identified
Iran’s main imports as ship and automobile
parts, equipment and small factories, and
Iran’s main exports as dried fruits,
petrochemicals, oil and gas. |
