Iran, Italy to start new cooperation on oil

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When the Italian Prime Minister Matteo Renzi starts his trip to Iran on Tuesday, a new chapter between the two countries will also begin.

During Renzi’s two-day visit to Tehran, Iran and Italy will ink various strategic agreements and witness a new chapter in their oil cooperation.

Renzi’s Tehran visit is taking place at the invitation of Iranian President Hassan Rouhani.

The 250-member delegation that will accompany Renzi in Tehran travel include some representatives from Italian oil, gas and petrochemical corporations.

Some Italian companies have been active in Iran’s oil projects, including South Pars and Darkhovin oil fields, since last year.

Under sanctions, Iran and Italy witnessed halt in their relations, while after removal of anti-Iran sanctions on January 16 the two countries have opportunities for resumption of bilateral ties.

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