Iran said it’s been vetting interest from major European energy companies eager to wade into the oil and gas sector once sanctions pressures ease. During an investment conference in Tehran later this month, the Iranian government is expected to roll out the terms of contracts for the post-sanctions era. The National Iranian Oil Co. said the country needs at least $250 billion in new investments to bring its energy sector back to full strength. The U.S. Treasury Department estimated Iran was out about $40 billion in revenue last year as a result of sanctions Speaking to SHANA, the Iranian Oil Ministry’s news website, BP President of Middle East operations Michael Townsend said there are potential opportunities for future work in the […]