– When this agreement is implemented and the sanctions are lifted, will provide opportunities for Norwegian companies. Iran is a large and attractive market that has been partially closed for many years, said Mr Børge bearing (H) to Aftenposten.
Brende will be joined by representatives of the oil industry.
– This is good news, says communications director Tommy Hansen in Norwegian oil and gas NTB after Iran and major powers on Tuesday morning agreed a deal on Tehran’s nuclear program.
Iran, which has some of the world’s largest oil and gas reserves , has been hard hit by sanctions, but with an agreement in place, the country will open for Western companies.
– The need for technology
– Iran is a large market, which needs both technology and expertise after years of sanctions. Here Norwegian companies an opportunity, says Hansen.
Also Runar Rugtvedt, branch manager for Norwegian industry oil and gas, sees opportunities for Norwegian oil service companies.
– Some supply companies’ve previously submitted to Iran, but has had to withdraw due to sanctions. The first thing that enters the country, are enough companies with previous customer relationships they can benefit from, says Rugtvedt said.
The sanctions are not lifted
– Until further notice sanctions against Iran carried out in accordance with current regulations, but nuclear agreement allows for a gradual easing of these restrictions. Norway is ready to implement relief of sanctions in accordance with any decision by the UN Security Council or EU, says Brende told Aftenposten
– Atom agreement opens for closer political contact and greater cooperation with Iran. We have over the past year gravis stepped up the political contact with Iran, says Brende, pointing out that Iranian government officials on high has visited Norway, and he himself visited Iran in November last year.
Aker Solutions announced last week that they open to resuming operations in Iran when sanctions fall. Operator giant Statoil, which formally closed the Tehran office summer of 2013, are still taciturn:
– We will monitor developments but would not comment on possible consequences of Tuesday’s reports on agreement between the negotiating parties, says information director Morten Eek in Statoil NTB.
– Will take time
Both Rugtvedt and Hansen believes it will take time for the Norwegian supplier of fully aim at Iran:
– More companies have enough prepared and have a plan lying. Nevertheless probably many of them still hesitant. They are waiting for details on how this can be done in practice, and a final clarification about sanctions, says Hansen.
Rugtvedt point out that it may be difficult to establish themselves in a country that has long been closed international companies, but he believes the heavyweights in the industry will open the way for the little ones:
– The biggest companies often go with less suppliers. It’s best for the little ones is the to accompany the major, says Rugtvedt.
Foreign Minister Børge Brende believes in strengthening economic cooperation with Iran.
– Political we see for us strengthened political contact with Iran in the continuation of this – an extended dialogue, both in terms of economic cooperation, but also in terms of human rights, he said.
Fall in oil prices
Oil prices plunged Tuesday morning, when the agreement on a nuclear agreement was announced. Oil analyst Thina Saltvedt told NTB that the agreement is bad news for oil production on the Norwegian continental shelf. The reason is that Iran has several million barrels of oil in stock, which can be exported to world markets when the sanctions lifted.
Hansen thinks that it is too early to say how this will affect the Norwegian shelf.
– Yes, oil prices have fallen today. But it is the price in the long term that matters. World still need more energy, and then there will also be a need for Norwegian oil and gas, says Hansen.
Also Saltvedt pointing out that Iran needs expertise and association with international oil industry to rebuild their production.
– So the agreement is a challenge for oil production in Norway, it opens opportunities for Norwegian oil internationally. Statoil’ve been in Iran before, she said.
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