TEHRAN Oct. 7 (Shana) � CEO of the Iranian Central Oil Fields Company (ICOFC) said the firm has prepared investment packages to be introduced to the upcoming conference on Iran�s new petroleum projects to be held in Tehran.
�To enhance recovery by its subsidiary firms, ICOFC has drafted special investment packages,� Salbali Karimi told Shana.
�The main concern and capital of the officials in oil industry is the issue of improved recovery,� he added.

Vice president for legal affairs, Elham Aminizadeh, has said Iran�s new oil contracts which were verified by the cabinet last week will be attractive to investors while securing the country�s interests and maintaining its sovereignty over the oil reservoirs.
Also Minister of Petroleum Bijan Zangeneh has said 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.

In 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 in July, 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