The value of exported minerals stood at about $5 billion in the mentioned time span, IRNA reported quoting Jafar Sarqini, deputy industry, mining and trade minister as saying on Monday.

Steel, copper, limestone and zinc are among the top minerals that Iran exports to many countries in the Middle East, Europe and Africa.

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The sides plan to establish a joint club to expand cooperation in the field of nanotechnology, the Iran Nanotechnology Initiative Council announced in a press release, ISNA reported.

The South Korean part – Korea Institute of Science and Technology (KIST) – aims to use potentials of Iranian companies in global market and share knowledge with each other.

KIST has been actively promoting international cooperation through joint research projects, scientist exchange programs, and the sponsorship of international workshops and symposia. Cooperative agreements exist with over 70 research institutes in 27 different countries and this number is expected to expand significantly in coming years.

“Iran is ready for establishment office for joint projects and sharing experience,” Ali Morteza Birang, the deputy vice president for international and technological affairs, said during the meeting.

KIST aims to promote a win-win cooperation between Iranian and Korean companies through this joint project, KIST’s Technology Policy Research Institute chief Kyung-Ho Shin said during the event.

It provides an opportunity for both Iranian and Korean enterprises to render their products in global market, he explained.

He said the two sides will also establish joint investing companies in the near future.

The plan includes organization, development, learning and global marketing, he added.

Nanotechnology enterprises is composed of companies that are involved in producing products that involve nanotechnology or nanomaterials or equipment useful to nano manufacturers.

The Korea Institute of Science and Technology is a multi-disciplinary research institute located in Seoul. Founded in 1966, it was the first multi-disciplinary scientific research institute in Korea and has contributed significantly to the economic development of the country, particularly during the years of accelerated growth in the 1970s and 1980s.

It has a research staff of over 1,800 research scientists, visiting scientists, fellows and trainees, and foreign scientists involved in basic research in various fields of science and technology.

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The minister also mentioned foreign countries’ interest in Iran’s power sector and said several power plants have been already built in the country through foreign investment.

Iran’s nominal electricity generation capacity is 77,068 megawatts (MW) at present and it will reach 80,000 MW by summer 2018, according to Iranian Deputy Energy Minister Houshang Falahatian.

Iran increased its electricity generation capacity by 2.199 gigawatts (GW), boosting it to 76.302 GW, in the past Iranian calendar year 1395 which ended on March 20, according to a report by Iran Power Grid Management Company released in late March.

Gas-fueled power plants accounted for 75.5 percent of the increased generation capacity, equaling 1.66 GW.

Combined cycled power plants, hydroelectric power plants, distributed generation power plants, and renewable energy power plants also accounted for 14.6 percent, 3.4 percent, 5.7 percent, and 0.9 percent of the total rise in the country’s electricity generation capacity, respectively.

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Karbasian made the remarks on the sidelines of the Government-Private Sector Negotiation Council’s meeting, where ICCIMA Head Gholam-Hossein Shafeie was also present.

Combating unemployment govt.’s top priority

Karbasian, elsewhere, underlined that uprooting unemployment in the society stands among top priorities of the government.

All the ministers are called on to eradicate unemployment and create jobs in the country, he said.

According to him, the Finance Ministry’s mission for the next four years is removing the obstacles on the way of protecting domestic production and employment of Iranian workforce.

Productivity, financing next priorities

Increasing productivity and supplying the financial resource of the capital market are the other issues that government has on its agenda, the finance minister said.

The government will use banking resources to create cash flow, simultaneously will make some amendments in the country’s banking system; therefore, a proper bed will be set for privatization of production units.

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