Tehran, Seoul Ink First Oil MoU
TEHRAN, May 01 (Shana) –- National Iran Gas Exports Company (NIGEC) and the Korean Gas Corporation (KOGAS) have signed their first memorandum of understanding in oil industry in the post-sanctions setting.
Alireza Kameli from NIGEC and Seung-Hoon Lee from KOGAS signed the MoU in Tehran on Sunday.
The MoU concerns Iran's natural gas exports in the form of liquefied natural gas (LNG), gas market, and transfer of the related experiences in gas industry cooperation.
The KOGAS was established in 1983 and is one of world's biggest LNG importers.
On Sunday morning, Iranian Minister of Petroleum Bijan Zangeneh received South Korea's Minister of Land, Infrastructure and Transport Kang Hoin in his office in Tehran.
The two officials discussed avenues for future cooperation in energy fields.