Iran seeks to attract foreign investment in energy sector
Investment in Iran’s oil, gas, and petrochemical sectors is the country’s top priority in economic cooperation with other countries, Iranian Parliament Speaker Ali Larijani said.
He made the statement in a meeting with Deputy Speaker of the
French Parliament Laurence Dumont, Iran ’s official Shana news
agency reported on September 2.
The meeting was held on the sidelines of the Fourth World
Conference of Parliament Speakers in New York.
Iran holds ample reserves of oil and gas, which can play an
effective role in meeting the energy needs of Europe, Larijani
said.
Dumont, for her part, referred to the nuclear agreement between
Iran and world powers as an opportunity for Iran to improve
relations with the European Union.
Iran has announced that $185 billion investment is needed in
upstream oil and gas sector, as well as $70 billion in
petrochemical and $200 billion in optimizing energy consumer
sectors to halve the energy intensity, which is two times more than
global averages.
Several high-ranking European delegations plan to visit the country in the near future to explore the avenues to promote trade ties with the Islamic Republic. The visits follow a breakthrough in Vienna last month by Iran and the P5+1 group of countries – the five permanent members of the Security Council plus Germany – over the Iranian nuclear program.
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