SHANA- Minister of Economy and Finance Ali Tayebnia says Iran and Brazil can cooperate in oil, gas and petrochemicals.

Tayebnia told the closing session of Iran-Brazil  Joint Economic Commission that there are vast grounds for cooperation and investment by Iran and Brazil, including oil, gas as well as the infrastructural and economic sectors.

"We consider no limit for expansion of mutual economic cooperation," Tayebnia said.

He said the two sides are to hold joint economic cooperation commission session in each other's capitals and draw up and compile document of the session for giant works.

He said 100-year affinity and friendship of the two countries had resulted in inking of more than 50 documents for economic cooperation, including in the fields of energy, industries, mines, technology, agriculture, pharmaceuticals and investment.

He also hoped to increasing volume of joint investment.