Norway offers Iran 8 billion Kroner in export credit

Iranian Foreign Minister Mohammad Javad ZarifIranian Foreign Minister Mohammad Javad Zarif.Photo: REUTERS/Stringer

Iran has been offered an export credit of 1 billion US, equivalent to over 8 billion Kroner, Iranian authorities told AFP.

Foreign Minister Brende visited Tehran om Wednesday and signed paperwork for three letters of intent during a meeting with Iranian Foreign Minister Mohammad Javad Zarif.

The loans are intended to finance Iranian infrastructure and development projects, according to a statement from the Iranian Foreign Ministry.

– This provides great opportunities for Norwegian business sectors that have struggled with falling project numbers as a result of lower activity on the Norwegian continental shelf, said Brende.

Investors worldwide have been firmly against Iran after international sanctions were lifted as a result of last year’s agreement on its nuclear program.

Iran’s official news agency IRNA wrote that Brende can see good opportunities for Norway.

– After the sanctions were lifted good opportunities, have appeared for cooperation, and Norway is ready to use the situation to expand cooperation in several areas, Brende said according to IRNA.

According to a press release from the Foreign Ministry, Export Credit Norway and GIEK have signed agreements of intent after receiving an increasing number of inquiries from Norwegian exporters.


Source: NTB scanpix / Norway Today