Trader: Sanctions to affect mostly prices

Tehran, April 25, IRNA -- Iranian agent of a foreign company says sanctions would definitely have impact on foreign business with Iran, especially when it comes to prices, when the country would look into other ways, i.e. turning to allies, to fill up certain foreign companies' v

"Iran has its own allies. Yet many companies will be ready to bring in technology. Iran is powerful in the Middle East region and can support companies interested in having business with it," Fakour Company Commercial Director Maziar Mazinani told IRNA.

He was speaking on the sidelines of the 15th Oil, Gas, Refining and Petrochemical Exhibition (April 23-26).

He reiterated that sanctions would not have any technical impact but influence prices because the country has to look for third parties to provide a material, item for service which was formerly provided directly from the original company.

Official of Fakour Co., which provides ICT Consultancy & Engineering Services, said that Iran has of course rich technological experience itself.

Fakour Co. has been providing for unequaled support and services on Sun Microsystems Servers and Workstations and actually is a pioneer in this field./end