Publishe Date: 10:43 AM - 1/27/2014 | Print

Rouhani Offers Investment Opportunities to Oil Giants

Economy - President Hassan Rouhani said he has invited oil giants to invest 110 billion dollars in Iran’s oil sector and 75 billion dollars in its petrochemical sector

I told the executives of big companies at the annual World Economic Forum in Davos that they can also invest 33 billion dollars in Iran’s railway projects” Rouhani said.

Rouhani invited oil companies to invest in his country as a nuclear accord with the world powers triggered lifting of some sanctions against Iran.

Rouhani told a meeting of about 30 executives, mostly from the oil industry, that Iran has a good investment environment now and that risk is low, said Lin Boqiang, director of China Center for Energy Economics Research, who attended the meeting.

Iran holds the world’s fourth-largest proven oil reserves.

Some of trade restrictions and capital controls, imposed over the nation’s nuclear research, are being suspended after a Nov. 24 interim deal to freeze parts of the atomic program.

Iranian oil exporters, financial institutions and companies linked to its nuclear work are still sanctioned.

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