Iran names Western oil companies it wants to invest in Iran

December 04, 2013 - 2:43:08 pm

VIENNA: Iran on Wednesday named seven western oil companies it would like to see invest in Iran's vast oil and gas sector once international sanctions are lifted  

Iranian Oil Minister Bijan Zanganeh named in order: Total of France, Anglo-Dutch Shell, Italy's ENI, Norway's Statoil, Britain's BP and U.S. companies Exxon and Conoco. 

Speaking to reporters at an OPEC meeting, he said he was already talking with some companies but so far not those from the United States.

Zanganeh said: "We had no limitations for U.S. companies. Twenty years ago there were limitations against them from their own administration. For doing projects in Iran, we have no limitations."

Zanganeh made no mention of Russian, Chinese or Japanese companies or those of other nationalities.

Iran last month reached an interim deal with six western powers to limit its nuclear programme that may see sanctions on oil investment and trade with Iran lifted next year. (Reuters)   


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