Indonesia, Iran prepare for robust business cooperation

(MENAFN) Indonesia hopes to inspire and encourage investment collaboration in Asia and the Middle East during a trade visit to Iran; therefore it looks forward for healthy business relations with it.

As for the Islamic Republic, it's open for all kind of business opportunities, especially after the sanctions relief which will ultimately render it the second-biggest producer in OPEC, after Saudi Arabia.

There are many nations and investors looking to cooperate with Iran once sanctions pressures ease, and Indonesia will not be the last among the countries queuing up to enter Iran, as stressed by its oil minister.

The minister added that "Iran's economy has been able to navigate through sanctions and low oil prices therefore are not a major concern," all in all; Iran expects a steady boost in its oil industry in the near future.