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6 September 2015 - 13:10

Iran says it wants to enter into serious talks with German enterprises over their plans to invest in the Islamic Republic before the US-engineered sanctions that keep investors away from Iran are lifted as envisaged in the July nuclear breakthrough between Tehran and the P5+1 group of countries.

“Iranian and German companies can start their talks before the removal of the sanctions so that as soon as the sanctions are lifted they sign the contracts [over their planned investments in Iran],” Iran’s Oil Minister Bijan Zangeneh told reporters.

Zangeneh made the remark after meeting Nils Schmid, the deputy minister-president and minister of finance and economics of Germany’s Baden-Württemberg State, who is visiting Tehran for talks over the participation of companies from Baden-Württemberg in Iran’s energy projects as well as other sectors.

“The German companies need to choose Iranian partners for the new round of their investments in Iran [after the removal of the sanctions],” said Zangeneh.

“In this round, the [German] companies should not think about only Iran and should also think about the regional markets, as well,” he added.

Schmid is leading a 68-member delegation that arrived in Tehran on Sunday for talks with officials as well as Iranian businesses over potential areas of investments.

They are scheduled to meet Iran’s Energy Minister Hamid Chitchian as well as the Governor of the Central Bank of Iran (CBI) Valiollah Seif, as well as several other top officials.

On a related front, officials in Tehran have been quoted by the media that two more trade delegations will arrive in Iran within the next 20 days. The delegations will come from Germany’s other states and the objectives of their visits will be to study the potentials for investments in various Iranian enterprises.

News ID 187943