TEHRAN – Central Bank of Iran governor Ali Salehabadi and Deputy Prime Minister of Kazakhstan Bakhyt Sultanov met on Monday to explore ways to expand banking cooperation between the two countries.
In the meeting, Salehabadi said that expansion of economic cooperation and growth of baking ties between Iran and Kazakhstan are correlative, as the two would strengthen each other.
Sultanov said that his trip was at the order of Kazakhstan’s president, who is going to visit Iran in June, to explore grounds for expanding business and banking ties with Tehran.
The Kazakh minister expressed content over the agreements signed in recent months and that the trade between Iran and Kazakhstan has grown 50 percent to 200 million dollars over the last quarter.
He also said that the two countries have agreed to establish joint commerce chamber soon and launch direct flight lines between various Iranian and Kazakh cities.

NIOC CEO Meets With Deputy Prime Minister of Kazakhstan

The CEO of the National Iranian Oil Company (NIOC) ,” Mohsen Khojastehmehr met with Kazakhstan Deputy Prime Minister to discuss cooperation capacities between the two countries in the field of energy.
“There are good areas for energy cooperation between Iran and Kazakhstan, and Iran intends to activate the existing potential between the two countries,” Khojastehmehr told Shana after the Sunday meeting.
He added: “Considering Kazakhstan’s desire to cooperate with our country’s oil industry, experts from the two countries are scheduled to study fields of cooperation in the development of heavy oil fields, liquefied natural gas (LNG), swaps of oil, gas and petroleum products, and the export of technical and engineering services.”
The CEO of the National Iranian Oil Company continued: “The result of the talks between the experts of the two countries will eventually lead to a memorandum of cooperation between Iran and Kazakhstan, so the Ministry of Petroleum is ready to formally sign this memorandum during the visit of the President of Kazakhstan to Tehran.”
Khojastehmehr said: “Currently, Iran and Kazakhstan have good cooperation with each other in the fields of transportation and agriculture, and efforts are being made for the two countries to be able to use the existing capacities in the field of energy.”