20:17 GMT12 April 2021
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    Iran Nuclear Deal: Hope for Peaceful Future (163)

    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.

    Iran Nuclear Deal: Hope for Peaceful Future (163)


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