Iran, S. Korea hold talks on resuming oil exports

Iranian Foreign Minister Hossein Amirabdollahian speaks during a joint press briefing with his Finnish counterpart Pekka Haavisto, at the foreign ministry in Tehran, Iran, Feb 7, 2022. (VAHID SALEMI / AP)

TEHRAN – The Iranian Foreign Ministry on Wednesday confirmed talks with South Korea on resuming Iran's crude oil exports and unfreezing Iranian assets held in the East Asian country.

Over the past few days, a team of Iranian oil and banking sector experts visited the South Korean capital of Seoul to negotiate with South Korean officials and companies over resuming Iran's oil exports, Iran's Foreign Ministry spokesman Saeed Khatibzadeh told reporters, according to the official news agency IRNA.

During the visit, the Iranian side stressed the removal of the illegal restriction on the country's frozen assets in South Korea, Khatibzadeh said.

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He added that Tehran-Seoul relations can return to normal through the resumption of Iran's oil exports to South Korea, and investments from South Korea to economic projects of Iran.