Abbas Sheri Moqaddam

Foreign investors waiting for nuclear talks’ outcome

Head of Iran National Petrochemical Company Abbas Sheri-Moqaddam

Head of Iran National Petrochemical Company Abbas Sheri-Moqaddam

TEHRAN Feb 21(Shana)–A deputy petroleum minister has said that foreign investors are waiting for the result of Iran’s nuclear talks before deciding to come to Iran.

“All foreign parties are willing for presence in Iran, but they are waiting for the result of nuclear negotiations,” Abbas Sheri-Moqaddam said.

Sheri-Moqaddam, who is also head of National Petrochemical Company, said talks have been held directly and indirectly with potential foreign investors.

He said that Iran can provide a good venue for European financiers who are facing negative rate of return on investment in their own countries.

“They will be very satisfied even if they gain 10% profit. Moreover, huge oil and gas reserves in Iran are a kind of guarantee for foreign investors,” said Sheri-Moqaddam.

He said that Iran’s free trade zones, proximity to Persian Gulf and the Sea of Oman as well as easy access to Central Asia, Iraq, India and China markets could be good advantages for investors.