Thailand seizes vital chance in Iran's oil industry

(MENAFN) Iran and Thailand are closely discussing ways to boost mutual collaboration, especially investment in petrochemical projects, according to the latest reports.

Accordingly, the Thai side plans to supports the growth in trade, in energy, agriculture, fishery and foodstuff up to USD3 billion throughout the following five years.

Furthermore, Iran will undoubtedly provide the opportunities for vast investments in oil, gas, and petrochemical industries, not to mention reviving banking relations.

Meanwhile, Thailand's economy is heavily export-dependent, with exports accounting for more than two-thirds of GDP, and they mainly include rice, textiles and fishery products.