Mogherini leads EU delegation to Iran on mission to boost commercial ties

A high-level delegation of eight European Commissioners led by the EU’s High Representative for Foreign Affairs and Security Policy Federica Mogherini has arrived  in Tehran to discuss the strengthening of energy and industrial ties with Iran. The Islamic Republic has “a huge interest” in engaging on economic issues, according to a senior source within the EU and  “is interested in a different relation with the world.”  For its part, the EU has not ruled out importing gas from Iran, particularly in the context of its drive to wean its member states off their dependence on Russia for their energy requirements.
Iran is sitting on the second largest natural gas and fourth largest oil reserves in the world and is principally pinning its hopes of an economic revival on these huge hydrocarbon resources. 
Ever since it became clear late last year that the world powers were ready to relieve Iran of its economic sanctions, a steady stream of high-ranking multinational executives has quietly been trickling into Tehran, intent on re-establishing old ties and forging new ones. Senior representatives from the oil industry have been at the front of the queue, including delegations from BP, Shell, Eni, Lukoil and Total, as well as from major contractors to the sector such as Saipem and Matsui.
 Mogherini is accompanied by Elzbieta Bienkowska (Commissioner for Internal Market and Industry); Violeta Bulc (Transport); Miguel Arias Cañete (Climate and Energy); Carlos Moedas (Research and Innovation); Tibor Navracsics (Education, Culture, Youth and Sport); Christos Stylianides (Humanitarian Aid and Crisis Management), and Karmenu Vella (Environment and Maritime Affairs).

Source: eubulletin