Iran, Zimbabwe to Boost Energy Cooperation

TEHRAN (Fars News Agency)- Iranian Oil Minister Kazem Vaziri Hamaneh and Zimbabwean Minister of Energy and Power Development Michael Nyambuya here on Tuesday discussed expansion of mutual cooperation in energy sector. 

During the meeting, the Iranian side made a number of proposals to meet Zimbabwe’s needs in fuel and oil products, which were welcomed by the Zimbabwean minister.

The two sides also agreed to assign a group of Iranian experts to help to renovate and overhaul Zimbabwe’s oil refineries.

Further in the meeting, Vaziri Hamaneh said that once Zimbabwe’s oil refineries are reconstructed, Iran would start crude supplies to Zimbabwe in order to meet that country’s fuel consumption needs.

The Zimbabwean minister also welcomed a second proposal by Vaziri Hamaneh for the conversion of Iran’s crude into oil derivatives in foreign countries and the consequent sales of such products to Zimbabwe.

The two sides further decided to prepare and sign relevant cooperation documents in order to finalize the aforementioned agreements.

Also during the meeting, the Zimbabwean minister stated his pleasure with the trend of talks and laid emphasis on continued cooperation and development of ties between the two countries in various areas, energy sector in particular.