Japanese companies interested in Iran’s energy sector: envoy

Japanese Ambassador to Tehran Tamaki Tsukada has said Japanese companies are interested in cooperating with Iran in the energy sector, especially in the hydrogen and ammoniac fields.
“Japanese companies are interested in participation in Iran’s energy sector like overhaul of factories and energy equipment,” Tsukada told Tasnim News Agency.Mentioning the long-lasting history of cooperation between the two countries and the negative impacts that the U.S.

sanctions have had on the level of economic exchanges between the two countries, the ambassador said: “If the international conditions improve, I am sure that oil and energy companies in Japan will again show their interest in participating in the Iranian market.”The envoy estimated the current value of trade between the two countries at about $100 million, noting that this figure is significantly low considering the two sides’ capacities and potential for expanding economic ties.

Also, in a meeting between Iranian Transport and Urban Development Minister Farzaneh Sadegh and Japan’s ambassador to Tehran on October 29, the two sides stressed cooperation in transportation, infrastructure, and technology development.Speaking in the meeting, Sadegh underlined Iran’s geopolitical position as the link between East and West and said: “Japan can reach countries in the region, including Central Asia and the Caucasus, through Iran.” She further noted that the two countries can expand their cooperation in areas such as intelligent transportation systems, safety, transportation infrastructure technologies, and smart and earthquake-resistant urban construction technologies.

The minister invited Japanese officials to visit Iran to get familiar with the capabilities and capacities of the Islamic Republic of Iran, including the country’s unique bridges and tunnels, and to discuss the areas for cooperation.