A top manager at a Peruvian oil company says Iran has a sophisticated oil industry.

Talking exclusively with IRNA, Business Development Manager of PLUSPETROL said a bright future is ahead of Iran’s oil industry.

‘Iran enjoys extraordinary investment opportunities,’ Bautista Vermal said.

Vermanl said elimination of anti-Iran sanctions against Iran’s oil industry, banking and insurance section is considered as a main condition for making investment in the Islamic Republic.

He added PLUSPETROL is keen of expanding cooperation with Iran in oil, gas and making investment in upstream and downstream industries.

PLUSPETROL is one of the private E&P companies in Latin America that has experienced the greatest development in the last decades.

With its first operations in Argentina, the Company is, at present, the largest oil and gas producer of Peru and one of the most important gas producers in Argentina.

With presence in Latin America and in Africa, PLUSPETROL has developed its operations with the conviction that it is possible to operate in highly complex environments, using the best proven technologies, while respecting the natural environment, the local cultures and the archeological heritage of each operation.