New Iran-Europe oil talks launch

TEHRAN, Jan. 23 (MNA) – An official of Ministry of Petroleum announced that Iran’s new set of oil deals has been negotiated with Asian and European firms and no American company has been talked to.

Head of Deals Reform Group in the Ministry, noting the new round of negotiations on oil, asserted that the talks have been with Asian and European countries and no American oil company has negotiated with Iran.

Mehdi Hosseini, while pointing that the deals have been defined on fields of exploring, expanding and increasing the recycle ratio of oil and gas, said: “on the condition of suspending sanctions, it is predicted that a great number of new opportunities would be available for international companies to invest in Iran oil and gas industry.”

Stressing that the severe decline of oil price has not affected the foreign investment on Iran’s oil and gas projects, Hosseini added Iran’s oil industry has great potential to attract the foreign investors.

The official also named factors such as low production cost, low risk of investment, and high security ratio of investment as benefits of Iran oil industry for the investors.

By Mehr News Agency

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