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)
