TEHRAN Sept. 26 (Shana) � Minister of Petroleum Bijan Zangeneh said on Saturday the main conference on introducing Iran�s new oil contracts will convene in the near future in Tehran.

�The new oil contracts and the projects to be developed within their scope will be introduced to foreign investors in a conference in Tehran in month of Aban (Oct 23 � Nov 21),� he told Shana.

Saying that venue of the main event which was due to be held in London has been shifted to Tehran, the minister added, �The companies that cannot make it in Tehran, can participate in the subsequent London conference.�

The Tehran event is expected to be embraced by foreign firms longing for participation in Iran�s oil industry in the post-sanction era.
The new contracts called Iran Petroleum Contract (IPC) will be more attractive, Zangeneh said earlier.

In early September, he welcomed foreign investment in Iran�s energy industry, but said the Islamic Republic is interested in technology transfer by foreign partners.
�More than cash or using the technology, we would like to have their advanced technology to be transferred to domestic companies,� he stressed.

In the wake of nuclear deal on July 24, Iran has hosted high-ranking officials and corporate executives of major companies from Germany, Spain, Austria, Italy, and France to discuss new cooperation ventures.

By SHANA