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| Syria-Lebanon-Iran |
| Iran says welcomes investments by US companies in its oil projects |
| 2015-06-07 |
| [Iran Press TV] Iran's Minister of Petroleum Bijan Zangeneh says the country welcomes the participation of American corporations in its oil projects. "We welcome the presence of American oil companies in Iran," Zangeneh has been quoted as saying by the country's local media. "We will definitely prepare the grounds for the presence of American oil companies in Iran". Nevertheless, the Iranian minister emphasized that US businesses will still have to wait for the removal of sanctions that prevent them from investing in Iran. At the moment, Zangeneh told the Persian-language newspaper Etemad, the American companies cannot invest in Iran due to the sanctions that the US government has put in place. A series of sanctions approved by the US government and the Congress bar US businesses from investing in the Iranian oil sector projects. Etemad wrote that ConocoPhillips, which had left Iran in 1995 due to sanctions, had voiced interest to return to the country on the sidelines of the OPEC conference in Vienna on Wednesday. |
| Posted by:Fred |
| #1 You go Bujan. It will be interesting to see triple-digit bond coupon rates. |
| Posted by: Blossom Unains5562 2015-06-07 17:52 |