"Iran’s oil industry was in the hand of the U.S. and Europe but over the last 10 years china also entered Iran’s oil market and parts of the equipment of the country's oil industry are Chinese," the former member of the Energy Committee in Iran's parliament," told ILNA.
Deputy Head of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) for International Affairs Mohammad-Reza Karbasi believes the trade between Iran and the UAE is a win-win one for both sides, adding both sides are fully aware of it and they should take advantage of capacities desirably.
French carmaker Groupe Renault reported record sales for 2016 thanks to growth in Europe and in overseas markets such as India and Iran, and it expected more progress this year.
