In September this year, the new round of Iran-Mexico negotiations started between Iran’s Oil Minister Bijan Zanganeh and the Mexico’s Labor and Social Welfare Minister Alfonso Navarrete Prida in Tehran.
During the talks, Iran expressed readiness to cooperate with Mexico to explore and develop oil and gas projects, especially in deep water, where Zanganeh had noted Mexican companies’ good activities and progress in deep waters adding “the Islamic Republic of Iran is ready to revive activities of Mexican companies.”
Stressing that the development of oil fields requires time-consuming negotiations, Zanganeh stated “however, in other areas like production and supply of petroleum product, cooperation can begin immediately after the removal of international sanctions.”
After nearly three months of Iran-Mexico oil talks in Tehran, the Iranian deputy foreign minister has travelled to Mexico City to launch the new round of negotiations between the two countries with increased participation in Iranian oil, gas and energy industries on top priority.
Accordingly, new oil talks between the two sides kicked off by Iran’s Deputy Foreign Minister for Europe and America Majid Takht-Ravanchi and Mexico's Energy Ministry Pedro Joaquín Coldwell.
The Iranian side has called for development of bilateral cooperation in exploration, exploitation, implementation of construction projects, upgrading of refineries as well as providing engineering services with the Mexican companies.
Coldwell, for his part, expressed the Mexican government’s eagerness to enhance cooperation between the two countries in the fields of oil, gas and energy emphasizing “by lifting of sanctions, Mexican oil and gas companies will be allowed to enter Iran’s industry.”
Iran and Mexico had no cooperation in the oil and gas industry; however, some discussions had been conducted with the country over exploration, communication and technology and the two sides even signed an initial Memorandum of Understanding (MoU) which never became operational due to increasing international constraints.
HA/2992091