Iran says Wednesday that Norway had offered the Islamic Republic a $1 billion credit line following a meeting between their foreign ministers in Tehran.
Borge Brende and Mohammad Javad Zarif signed three “export credit” deals aimed at funding “development and infrastructure projects,” Iran’s foreign ministry says in a statement.
Iran has struggled to tap international finance as many banks fear US penalties if they do business with the Islamic republic.
“After the lifting of sanctions, good opportunities have emerged for cooperation and Norway is ready to utilize the post-deal situation to expand cooperation in various fields,” Brende says, according to the official IRNA news agency.
The Norwegian minister met other top officials during his one-day visit, including Supreme National Security Council secretary Ali Shamkhani, before leaving for Pakistan.
— AFP
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