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There are all conditions for US companies to invest in Iran's oil industry: Director of National Company

Oil&Gas Materials 13 May 2009 11:04 (UTC +04:00)
There are all conditions for US companies to invest in Iran's oil industry: Director of National Company

For the companies of the United States, like other global companies, there are all necessary conditions for investing in the oil industry of Iran, said Director of Iranian National Oil Company Seyfullah Jashnsaz, Iranian news website SHANA reported.

He said that Iran supports the investments of other countries in its oil, gas and petrochemical sectors. "If American companies want to start discussions to invest in the oil industry of Iran, no one will prevent them. Such investments in Iran's oil industry are beneficial the American companies themselves," said Jashnsaz.

There is no prohibition on investment by American companies in the oil industry of Iran, he said.

He said that the 14th Oil, Gas and Petrochemical Exhibition held in Tehran this year was attended by some 450 companies worldwide, including five companies from the United States. They, as well as companies from other countries demonstrated their capabilities in the exhibition. This means that we approach all foreign investors equally, he said.

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