Breaking News

Asia Today ISSN 1861-4604 Sunday, February 18, 2018


Korea’s Hyundai ready to cooperate with Iran in energy sector

Cooperate with Iran Power and Water Equipment

Share on Facebook September 8, 2015, Reporter : Trend, Reader : 440


September 7 By Fatih Karimov – Trend: South Korea ’s Hyundai has announced readiness to cooperate with Iran Power and Water Equipment and Service Exports Company, known as Sunir.

A group of senior managers of Hyundai met in Tehran with their counterparts in Sunir, announcing readiness to launch joint ventures in the regional countries, Iran’s IRNA news agency reported September 7.

Sunir managing director Bahman Salehi said that the company has implemented different projects in water and power sector in East Asia, the Middle East, Africa, and South America, and is ready to cooperate with Hyundai in target markets.

Previously, Hyundai held negotiations with Iran for participation in the country’s petrochemical projects, joining major international companies in a hunt for new opportunities.

Officials of European and Asian firms have repeatedly made formal applications for a share in Iran 's new development projects over the past few months in the wake of nuclear deal between Iran and world powers.

Iran and the group called P5+1 (the US, UK, France, Russia, China, and Germany) reached a final deal - also called the Joint Plan of Action or JCPOA - on Iran 's nuclear program July 14.

The deal will help keep Iran's nuclear program under close inspection and in return it will remove economic sanctions on the Islamic Republic.

Stay up to date with latest Iran news on our specialized Facebook page

More Euro Asia news of the month

Photos Curious Olympics visitors crowding South Korea's Penis Park

PYEONGCHANG, South Korea - Thanks to the Winter Olympics, the South Korean ‘Penis Park’ has become an unlikely tourist...

Photos South Korea: U.S. willing to hold talks with North Korea

SEOUL, South Korea - Following the first rounds of talks being initiated between the two Koreas - the South Korean President Moon Jae In...

Photos Winter Olympics cyberattack: Internal systems crash

PYEONGCHANG, South Korea - The internal systems at the Winter Olympics are said to have been hit by a cyberattack on Friday. On...

Photos Olive branch? Kim Jong Un invites Moon Jae In to North Korea

SEOUL, South Korea - On Saturday, South Korean President Moon Jae In’s office confirmed that he had received an invitation to...

Photos South raises North Korean flag despite laws prohibiting it

SEOUL, South Korea - Despite laws against it, the North Korean national flag was raised in the South on Thursday. Organisers of the...

Photos South Korea urges North to denuclearize in significant talks

SEOUL, South Korea - After more than two years, the first formal engagement in talks between the two Koreas, indeed was watched closely...

Photos South Korea ranked third among major economies in GDP growth

SEOUL, South Korea - In fresh statistics revealed by the Organization for Economic Cooperation and Development(OECD), South Korea is...

Photos South Korea fires warning shots at heavily militarized DMZ

SEOUL, South Korea - Complicating efforts to ease tensions over North Korea’s nuclear and missile programs, South Korean guards...

Photos Dozens killed in major blaze at South Korean sports centre

JECHEON, South Korea - In a horrific incident on Thursday, a major fire broke out at a public sauna in South Korea killing at least 29...

Flying Reimagined

Stock Index

Sunday, February 18, 2018

Life Style

Photo Gallery