Ira­nian busi­ness­men ex­plor­ing more trade, ex­ports ties with Philip­pines

Tehran Times - - ECONOMY -

TEHRAN— Ira­nian busi­ness­men are ex­plor­ing ex­pan­sion of trade and ex­ports op­por­tu­ni­ties in Philip­pines, Malaya Busi­ness In­sight re­ported on Mon­day.

Oil, fer­til­izer, coal, and ce­ment are the fields of in­ter­est. The gov­ern­ments of Iran and the Philip­pines are ex­plor­ing the pos­si­bil­ity of sourc­ing crude oil from the for­mer which would be re­fined in a third coun­try for ex­port to the Philip­pines at a lower price.

The Philip­pines cur­rently buys oil and petro­chem­i­cal prod­ucts from traders in Sin­ga­pore at 40 per­cent markup, how­ever, Iran could sim­i­larly pur­chase the same 20 per­cent cheaper than what it cur­rently buys.

Newspapers in English

Newspapers from Iran

© PressReader. All rights reserved.