Iran Daily cited Mr Pang
Sen the Chinese ambassador to Iran as saying that Chinese banks will expedite
the implementation of Iranian steel projects.
Mr Sen said while meeting with Mr Mehdi
Karbasian, the head of Iranian Mines and Mining Industries Development and
Renovation Organization that the problems faced by the Central Bank of the
Republic of China China, Export & Credit Insurance Corporation (Sinosure)
and China Development Bank in funding Iranian steel projects would be resolved
at the earliest. Given Iran's favorable position in the region, he said that
his country highly welcomes development of Tehran ties.
He said that China is particularly keen on
expanding mining cooperation with Iran. The Chinese ambassador underlined that
his country has fresh plans and proposal for Iran's steel sector. China has
opened credit lines for implementing steel projects in Iranian provinces but
its commitments in this respect have not yet been fulfilled.
Mr Karbasian said that "In the past few
months, Iran has fulfilled all pledges towards China Metallurgical Group
Corporation, the Chinese contractor of the projects, and has followed up the
commitments. However, the company is progressing slowly."
He said that a three member delegation headed by
Mohammad Khandadash, the managing director of the National Iranian Steel
Company, will soon visit China to follow up the issue. In the year to March
20th 2014, a number of European companies expressed interest in investing in
the Iranian mining sector. This is while, Chinese firms has not yet taken up
the opportunity provided by Iran's improved international status.
Source – Iran Daily