Malaysia Eager to Buy Oil, Oil Products from Iran

Deputy Minister of Petroleum for Trade and International Affairs Amir-Hossein Zamaninia says Malaysia wants to purchase oil and oil products from Iran.

Speaking to Shana after a meeting with Malaysian Speaker Tan Sri Datuk Seri Panglima Pandikar Amin bin Haji Mulia, Zamaninia said Iran and Malaysia will hold more talks for the purpose.

He said Malaysia is interested in expansion of relations with Iran.

Minister of Petroleum Bijan Zanganeh had in a meeting with Malaysian Foreign Minister Dato’ Sri Anifah Aman said since Malaysia lacks any oil, the two sides should launch cooperation in short-term trade.

He noted, “Now Malaysian companies have announced readiness for presence in Iran as soon as possible; talks will soon start between companies of the two countries for the deals already in place.”

Trade, crude and oil products, development of the oil and gas fields, and investment in the downstream sectors figured prominently in talks in the meeting.

Crude exports and sales constituted major portion of oil cooperation between National Iranian Oil Company and Malaysia prior to sanctions, to the extent that Iran sold 50,000 to 60,000 barrels oil to the country on the average.

(Source: Shana)

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