Iranian Foreign Minister Manouchehr Mottaki invited Saturday foreign states and foreign companies to invest in his country's oil and gas projects, the Iranian news agency Irna reports Saturday.
The Iranian foreign ministry is ready to cooperate with foreign companies willing to invest in this sector, Mottaki said according to Irna.
Referring to the current turmoil in the Caucasus region Mottaki said that Iran is a safe place for oil transportation and the cost of transporting one oil barrel via Iran ranges between $1 and $3, Irna reports.
"Iran can transfer the Caspian Sea oil to the Persian Gulf and free international waters via the shortest and best possible route," Mottaki added.