Iran brings attention to Austria for oil dominance

(MENAFN) Iran is planning to found a petrochemical hub in Austria for better access to target markets in Eastern Europe, based on recent reports.

The Islamic Republic has recently sealed a MoU with an Austrian firm to be the door key for accessing nations like the Czech Republic, Bulgaria and Slovakia.

Basically, the Persian Gulf Republic needs to put on display the potentialities and capabilities it developed and advanced under the sanctions by holding exhibition.

Furthermore, discussions are underway with Pakistan which will hopefully lead to favorable results for Tehran-Islamabad interactions in the near future.