The visit is being made parallel with the South Korean President Park Geun-hye's visit to Tehran.
Iran and South Korea are to sign 4 memoranda of understanding on energy cooperation during the visit.
The two countries will sign a long-term oil and gas cooperation instrument in a ceremony held in the presence of their presidents along with Iranian Minister of Petroleum Bijan Zangeneh and his South Korean counterpart".
Besides the document, three other MoUs will be signed by head of National Iranian Oil Company (NIOC), National Iranian Gas Company (NIGC) and National Iran Gas Exports Company (NIGEC) with their Korean counterparts.
Enhanced oil recover from Iranian oil fields, industrial knowledge transfer, investments in national gas trunklines 9 and 11, mini-LNG facilities and petrochemical plants are the areas the MoUs will cover.
Park Geun-hye's visit to Iran will be marked as the highest ranking visit to Tehran by a Korean delegation.
In 2013, Iran and South Korea traded over $4.1 billion worth of goods.
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