Known US energy figures to participate “post-sanction” conference in Iran

Photo: Known US energy figures to participate “post-sanction” conference in Iran / Iran

Baku, Azerbaijan, Feb. 15

By Umid Niayesh - Trend:

Some six known figures from the US energy sector will participate in the "Iran post sanctions: Energy and Environment" conference, which will be held on March 8-9 in Tehran, the Iranian Fars news agency reported on Feb. 15.

Former director of the Conoco Eurasia, Franz Ehrhardt, director of the Middle East Program at CSIS (Center for Strategic and International Studies), Jon B. Alterman, former U.S. State Department policy advisor, Suzanne Maloney and Barbara Slavin from the Atlantic Council are scheduled to participate in the conference.

Secretary Generals of the Organization of Petroleum Exporting Countries (OPEC), Abdullah Salem el-Badri, Secretary General of the Gas Exporting Countries Forum (GECF), Mohammad Hossein Adeli and Secretary General of the Economic Cooperation Organization (ECO) Shamil Aleskerov have also been invited to make a speech at the Iran post sanctions conference.

The conference aims to enable and enhance the dialogue and knowledge sharing between all policy makers, executives from major oil companies, experts, energy scholars, research institutions and scientific society in general.

It also aims to introduce investment opportunities in Iran's oil, gas, and petrochemicals, which are estimated in the amount of $200 billion.

The implementation of the Geneva nuclear deal will pave the way for the increase of Iran's oil exports, Seyyed Mohsen Ghamsari, an official with the National Iranian Oil Company (NIOC), said on Jan. 12.

Iran and the P5+1 reached a nuclear agreement on Nov. 24. Iran has agreed to curb some of its nuclear activities for six months in return for sanctions relief. Both Iran and the P5+1 group have agreed to implement the agreement starting from Jan. 20.

Under the agreement, six major powers agreed to give Iran access to $4.2 billion in revenues blocked overseas, if it carries out the deal, which offers sanctions relief in exchange for steps to curb the Iranian nuclear program.

Imports of Iranian crude rose by 100,000 barrels a day last month, with China, Japan and India taking more oil as a deal easing sanctions over Iran's nuclear program took effect, the International Energy Agency said on Feb.13.

According to Bloomberg, Purchasing countries received 1.32 million barrels a day last month, the IEA, a Paris-based adviser to 28 nations, said.

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