Iran

Photo: No limitations for U.S. oil firms to invest in Iran


 | Business
2 August 2015, 12:44

No limitations for U.S. oil firms to invest in Iran

There are no limitations for U.S. oil firms to invest in Iran, said Iran’s Oil Minister Bijan Namdar Zanganeh. “We have set no limitations for any company or country. The U.S. government has banned companies from doing economic activities in Iran,” Iran’s IRNA news agency quoted Zanganeh as saying on August 2. “Boosting competition will be in favor of Iran and we see no restrictions for the presence of U.S. companies,” he added. The U.S. law has banned the presence of its energy companies in...