Shana � Minister of Economy and Finance Ali Tayebnia says Iran can cooperate with Hungary in oil and gas trade.

Tayebnia made the remark in a meeting with Hungarian National Assembly Speaker L�szl� K�v�r in Tehran on Monday.

Referring to vast potential of Iran and Hungary for cooperation, the minister said Iran and Hungary can embark on joint investment in production of petrochemicals as well.

K�v�r for his part said Hungarian oil company had entered a contract with National Iranian Oil Company for purchase of 140,000 tons of oil and said success in the field is not political in nature.