Germans Invited to Invest in Iran’s Oil, Gas Industry
TEHRAN (Tasnim) – Iranian Oil Minister Bijan Namdar Zanganeh provided managers of German energy companies with information on ample opportunities for investment in Iran’s big gas and oil projects, unveiling plans for more Iranian gas exports once sanctions are terminated under a nuclear deal.
In a meeting with directors of German energy companies in Berlin, Zanganeh stressed the need for new technologies in Iran’s oil and gas industry, rather than capital.
“Tanks to modern technologies, more gas and oil could be extracted from the county’s fields,” he said.
The Iranian minister also called on German firms to forge partnership with reliable Iranian companies, and noted, “We have great infrastructure and the administration supports investors.”
Commenting on Iran’s strategy for the export of gas, Zanganeh said the priority is given to the neighboring countries, albeit with the best price.
He referred to Iran and Qatar as the only regional states capable of exporting gas.
Iran has launched talks with the regional countries on gas contracts, the minister added, explaining that agreements will be finalized after the anti-Iran sanctions are lifted following a final nuclear deal between Tehran and world powers.
While talks between Iran and the Group 5+1 (Russia, China, the US, Britain, France and Germany) for a comprehensive deal on Tehran's peaceful nuclear program are near the final stages, more foreign companies are impatient to seize the opportunity of investing in Iran's lucrative market as soon as the sanctions are terminated.