Iran is tapping European countries for credit facilities having last week finalized Korean deals.

Iranian Deputy Finance Minister Mohammad Khazaei told a banking conference in Tehran this week that  Iran will sign a number of deals in September to provide around $30bn in credit facilities from Austria, Denmark and Italy. Ongoing negotiations with Japan are expected to tie up more credit facilities over the next few months, he adds.

This comes after Ali Salehabadi, head of the Export...