|Iran agrees to sell LPG, oil products to South Africa||
TEHRAN – Iran has agreed to sell two million tons of liquefied petroleum gas (LPG) and oil products to South Africa annually.
The head of the Oil, Gas, and Petrochemical Products Exporters Union of Iran, Hassan Khosrojerdi, said that the agreement was reached last week during the visit of an economic delegation from the South African private sector to Iran, the Mehr News Agency reported on Monday.
On June 14, a 40-member economic delegation from the South African private sector arrived in Tehran to explore ways to boost bilateral economic ties.
South African Foreign Minister Maite Nkoana-Mashabane was the head of the delegation, which included representatives of the country’s industrial, agricultural, mining, and food sectors.
During a meeting between the delegation and Iran’s ambassador to South Africa, Mohammad Faraji, the ambassador said that annual bilateral trade between Iran and South Africa could hit $2 billion, in view of the potentialities of the two countries.
South Africa was Iran’s 45th most important trading partner in the previous Iranian calendar year, which ended on March 20, 2014, according to the Iranian Customs Administration.
Annual non-oil trade between Iran and South Africa stood at $52.532 million in the previous Iranian calendar year. South Africa exported $13.492 million of non-oil goods to Iran and imported $39.039 million of non-oil goods from the country in Iranian year 1392 (March 2013-March 2014).
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