Iran and Spain agree to deliver gas to Europe

With the beginning of a new round of talks on Iran’s oil, Iran and Spain reached agreement to export South Pars gas to Europe through LNG shipping.

A top-ranked Spanish trade-economic delegation consisting of representatives and managers of 70 Spanish companies as well as ministers of foreign affairs, energy and industry, and tourism are visiting Tehran.

Accordingly, representatives of Repsol, Spain’s largest oil company are also accompanying this delegation to meet with the managers of the National Iranian Oil Company.

Iran’s Oil Minister Znganeh in a joint meeting with Spain’s Industry, Energy and Tourism Minister Jose Manuel Soria announced Iran’s readiness to implement Spanish gas import terminals (LNG) to set the ground for Iran to join Europe’s gas market stating that the two countries will continue their talks on this issue.

Noting that the two countries are eager to bring about rapprochement after the removal of sanctions, Bijan Zanganeh asserted that, “in the meeting we explained Iran’s facilities and programs for development of oil, gas, and petrochemical industries to the Spanish companies and they expressed their interest to cooperate in these fields.”

“It was emphasized in the meeting that Iranian and Spanish companies should continue their relations and the Spanish government needs to set the ground for the presence of their companies in Iran,” added Zanganeh.

Iranian official also reported on Iran’s offer to Spanish companies to construct oil industry equipment in Iran and underlined that, “for the Spanish companies, Iran should not be the only target but they need to consider the whole region for export of goods and products.”

Repsol is Spain’s biggest oil company which was active in Iran’s oil industry before the sanctions, but the activity of this giant oil company has never led to long-term or continuous cooperation with Iran in terms of oil and gas.