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Norway earmarks one billion euro credit line to Iran

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Staff Writer | August 18, 2016
Norway will earmark one billion euro credit line to Iran upon three MoUs signed in presence of foreign ministers of Iran and Norway in Tehran.
Helping   Development and expansion of bilateral ties
Norwegian Foreign Minister Borge Brende held talks with Foreign Minister Mohammad Javad Zarif on bilateral ties, regional and international developments.

The two foreign ministers underlined development and expansion of bilateral ties and strengthening economic and trade cooperation, especially the monetary and banking issues.

In presence of the two foreign ministers, three memorandums of understanding were signed on export credit between the Export Guarantee Fund of Iran and Norwegian Export Credit Guarantee Agency.

One of the goals of the MoUs was providing financial credit in order to carry out the development and infrastructural projects.

He is scheduled to meet with President Rouhani, Majlis Speaker Larijani, Secretary of Supreme National Security Council Ali Shamkhani and Head of Strategic Research Center of Expediency Council Velayati as well as Petroleum Minister Zangeneh.