Tehran, Aug 9, IRNA - South African and Kuwaiti companies have voiced willingness to invest in oil projects of Tamin Petroleum and Petrochemical Investment Company (TAPPICO), said the head of the Iranian company on Saturday.

�South Africa and Kuwait have expressed readiness to invest in oil projects in Siraf Refining Park, Fanavaran Petrochemical Company and Anahita Oil Refining Company,� said the head of TAPPICO Mohammad Shiri on the sidelines of the first exhibition of Social Security, Investment, and Sustainable Development, the Tehran-based English newpaper, Iran Daily reported.
Shiri added that TAPPICO is also studying offers from other foreign companies who wish to undertake joint ventures in oil projects following the removal of Western sanctions in the near future.
Since the nuclear agreement between Iran and the P5+1 (the US, Russia, China, France and Britain plus Germany) in the Austrian capital on June 14, Iran has been inundated with offers from foreign companies, organizations, firms and banks.
Officials in Tehran have stated that they will act selectively in choosing future partners in the lucrative oil industry.

By IRNA