South Africa hopes to restore energy ties with Iran: Joemat-Pettersson
South Africa hopes to restore energy ties with Iran, its energy minister said on Sunday, according to Iran's Shana news agency, three years after international sanctions halted oil trade between the two countries. "South Africa is aiming for a framework of cooperation with Iran regarding crude oil, LNG, LPG, gas and petrochemicals," Tina Joemat-Pettersson was quoted as saying by Shana during a visit to Tehran."South Africa's private sector can invest in various parts of Iran's oil industry," she added.Mohsen Ghamsari, director of international affairs at the National Iranian Oil Company (NIOC), said on Saturday that South Africa was hoping to import crude oil and other energy products from Iran, state news agency IRNA reported.South Africa bought around 68,000 barrels per day (bpd) of crude from Iran in May 2012. Last September, Africa's second-largest crude consumer expressed interest in resuming imports.Iran's exports of crude have fallen to around 1.1 million bpd, from a high of 2.5 million bpd in 2012, as Western sanctions have made it difficult to find buyers.Iran is negotiating with world powers to lift sanctions in exchange for more stringent controls on its disputed nuclear programme...
There’s never been a more important time to support independent media.
From World War 1 to present-day cosmopolitan South Africa and beyond, the Sunday Times has been a pillar in covering the stories that matter to you.
For just R80 you can become a premium member (digital access) and support a publication that has played an important political and social role in South Africa for over a century of Sundays. You can cancel anytime.
Already subscribed? Sign in below.
Questions or problems? Email helpdesk@timeslive.co.za or call 0860 52 52 00.