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Iranian oil workers work at the Tehran's oil refinery south of the capital Tehran, Iran, Monday, Dec. 22, 2014

Tehran Unchained: Iran in Talks With US, Canadian Firms on Oil Cooperation

14:44 26.04.2016Get short URL

Topic:

Iran Nuclear Deal: Hope for Peaceful Future (163)

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Iran is in talks with US and Canadian oil companies on a number of projects in upstream and midstream stages of the country's oil and gas industry, local Mehr news agency reported Tuesday.

MOSCOW (Sputnik) — The Western companies are interested in making investments and supplying equipment and drilling services to the Islamic republic, as well as purchasing Iranian oil products, the news agency reported.

The heavy water nuclear facility near Arak. File photo

Russia Reviewing Iran's Offer to Sell 40 Tons of Nuclear Heavy Water

According to the National Iranian Oil Company's managing director, Roknodin Javadi, there are no legal restrictions on conducting business with overseas companies, especially US ones, in the oil sphere, as quoted by the publication.

Iran began stepping up international trade and investment cooperation after reaching a historic deal on its nuclear program to ensure its peaceful nature in exchange for the suspension of international anti-Iran sanctions, in particular on its oil sector, in July 2015.

In mid-January, the sanctions were removed after the International Atomic Energy Agency verified Tehran’s compliance with the nuclear agreement.

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Topic:

Iran Nuclear Deal: Hope for Peaceful Future (163)

Related:: Tehran Protests US Decision to Retain $2 Billion in Iranian Assets

: Iran to Receive Up to Eight Airbus Jets for Civil Aviation in 2016

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: Despite Nuclear Deal, US Pressures EU Allies to Isolate Iran

Tags:

Oil, National Iranian Oil Company (NIOC), Roknodin Javadi, Canada, United States, Iran

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Tehran Unchained: Iran in Talks With US, Canadian Firms on Oil Cooperation

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