Iran calls for foreign, domestic investment in oil, gas industry

Iran encourages foreign and domestic investments in oil and gas industry, the Managing Director of Iran’s Petrochemical Industry Investment Company (PIIC Group) Fereidoun Fadaei Dolat said on Friday. Speaking to IRNA, he said that after removal of sanctions, Iran has prepared the ground for joint venture investments of the European…

Post-sanctions Iran set to develop oil, gas industry

Deputy Petroleum Minister for International Affairs and Commerce Amir-Hossein Zamani-Nia said Iran is determined to develop its oil and gas industry because the country’s production is not proportionate with its hydrocarbon reservoirs. “Iran’s oil industry needs investment, technology and management transfer in the industry’s various sectors in the post-sanctions era,”…