VP: No Obstacle to Foreign Firms' Investment in Iran

"We invite all foreign and domestic investors to invest in Iran within our country's laws and regulations; we have good laws for attraction of investors," Jahangiri told reporters on the sidelines of an international investment conference in Tehran on Sunday.

He reiterated that the implementation of the resistance economy programs is one of government's serious policies.

Jahangiri said that the post-sanction atmosphere has created new economic and political conditions which should be used by major trade, economic and industrial firms.

In relevant remarks in September, Iranian energy economist said, the local oil industry has appealing features for foreigners who, considering the conditions in the wake of nuclear deal, have kept their hopes of investment in the Islamic Republic alive.

“In the post-sanctions era, there are apt opportunities for Petroleum Ministry to materialize its oil industry development projects,” Mehran Amir-Moeini said.

According to the fellow researcher at the Tehran-based Institute for International Energy Studies (IIES), cooperation and interaction of the Petroleum Ministry and other responsible bodies cooperating with the ministry could facilitate attraction of foreign capital to the industry.

Saying that cost of construction of production units in the oil industry had been halved, the energy expert added that national determination was needed to launch new oil projects in the country with the investment of foreigners.

The negotiations' process with foreign investors, he suggested, has to be cut down to boost development projects.

Source :  farsnews    2016/10/4 10:32

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