16:32 GMT +319 October 2018
Listen Live
    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

    © AP Photo / Vahid Salemi
    Business
    Get short URL
    Iran Nuclear Deal: Hope for Peaceful Future (163)
    976

    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. 

    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.

    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
    India Relying on Iranian Gas to Woo Neighbors
    Despite Nuclear Deal, US Pressures EU Allies to Isolate Iran
    Tags:
    Oil, National Iranian Oil Company (NIOC), Roknodin Javadi, Canada, United States, Iran
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik
    • Сomment