UK trade delegation to visit Iran on October 2

UK trade delegation is expected to visit Iran on October 2, Deputy Oil Minister for International Affairs Amir Hossein Zamani Nia said on Saturday, AVA Diplomatic reports.

He told reporters after a meeting with the UK’s Chargé d’Affaires to Iran Ajay Sharma.

UK is ready to pay Iran’s share of the Rhum gas field after the removal of sanctions, the official noted. Zamani Nia said he has discussed the increase of oil output by using the old fields in the meeting.

According to a report by UK-based Sunday Guardian newspaper, Director General of the British-Iranian Chamber of Commerce Martin Johnston is hoping to lead the UK’s first trade delegation to Tehran in years this October.

The delegation will include 15 top managers and experts from energy, law, engineering and other sectors, who will look at opportunities in the emerging Iranian market.

While members of the delegation have not yet been specified, former British ambassador to Tehran Richard Dalton is expected to accompany the delegation.

Strong prospects for pharmaceuticals, medical exports, agricultural and general engineering products are likely to be reviewed, and it is understood that Shell and BP are interested in investments that would offer opportunities in the British oil and gas supply chain, the Sunday Guardian added.