At the same time informs the government that the country has already completed negotiations with some European companies wishing to invest in the country in the wake of the international nuclear treaty.
– We are now witness to European investors returning to the country. Only the last few weeks we have approved projects worth over 1 billion dollars in Iran, says Deputy Minister Mohammed Khazaei, without mentioning which European companies in question.
The country’s deputy minister of trade and international affairs, Hossein Zamaninia , said the government has picked out nearly 50 oil and gas projects which they hope will be able to be contracted by 2020. The total price tag is set to 185 billion dollars, equivalent to nearly 1,500 billion.
According to the nuclear treaty as restrict Iran’s nuclear program, the UN Security Council gradually eliminate the strict sanctions against the country. It is unlikely to happen until next year, but many European companies have already shown their interest in investing in the oil and gas rich country. (© NTB)
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