Head of Iranian
Ministry of Petroleum’s Oil Contracts Revision Committee Mehdi Hosseini
stated that Iran has the potential of introducing 50 projects in oil and
gas industries adding that, “the top investment priority of Iran’s oil
industry for the post-sanction era is development of join oil fields and
exploration projects."
Underlining that Iran’s top priority for introducing new investment
opportunities included oil and gas projects with low investment risk and
high profitability, Hosseini stated that, “accordingly, oil plans more
likely to attract foreign investors will be prioritized and introduced."
The official said that offering new investment opportunities in the
oil and gas industry is a way for confronting foreign sanctions and
added that, “about two decades ago, an Iranian oil seminar was held
which was attended by the world’s giant oil and gas companies.”
Stressing that at that time more than 100 new oil contracts were
signed with several European companies from countries including France,
Italy, Japan, South Korea, Malaysia, the UK and Austria, Hosseini noted
that, “the contracts were signed at a time when the US had launched
sanctions to press Iran’s oil industry.”
The Iranian senior oil official deemed signing of oil contracts as an
extensive lobby to confront the US sanctions and announced that, “bio
oil companies of the world have expressed their eagerness to attend the
conference for introducing new investment opportunities in Iran’s oil
during the post-sanction era.”
Pointing to Saudi Arabia’s policy to hold down oil prices, Hosseini
said that, “due to the low cost of oil production in Iran, many oil
companies are ready to invest in our country’s oil industry."
“It is estimated that by holding the Oil Conference in Tehran in the
following months, new contracts will be signed with the world’s oil and
gas companies,” Hosseini concluded.
(ΜΝΑ)