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UKEF Ready to Offer Insurance Coverage to Iran

IOTCO : UK’s trade envoy to Iran, Lord Lamont, has voiced the United Kingdom Export Finance (UKEF)'s readiness to cooperate with Iran and offer insurance coverage to the OPEC member Asian country.

UKEF Ready to Offer Insurance Coverage to Iran
(Tuesday, April 26, 2016) 11:10
Following a meeting with the British envoy in Tehran, Amir Hossein Zamaninia, deputy petroleum minister in international affairs and trading, said he discussed Iran's future cooperation with UKEF and lowering investment risks in the Organization of Economic Cooperation and Development (OECD) with Lamont.

"The British side voiced UKEF's readiness to cooperate with Iran and to allocate a budget for insurance coverage," he said.

Zamaninia added that oil giants Royal Dutch Shell and British Petroleum (BP) have also indicated readiness to invest in Iran's projects and are seeking to join them.

Before meeting with Zamaninia, Lamont, who currently chairs the British-Iranian Chamber of Commerce, met with officials of the Central Bank of Iran to confer banking issues between the two countries.

"We also discussed development of Rhum gas field and they promised to cooperate with Iran for solving the field's development problems," Zamaninia said.
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