Iran’s oil ministry announced it will accept applications from foreign oil companies roughly a week after the US Treasury Department lifted more sanctions against Tehran. Iran has once again reminded the world it is open for business. The country’s oil ministry will accept applications from foreign companies starting Monday for the exploration and production of its oil and gas fields, some of the largest in the world. The announcement, which comes less than a year after the United Nations lifted its nuclear-related sanctions on the country, is part of its ambitions to attract more than $150 billion in investments to increase its oil production by 1 million barrels to start the next decade. The report published Sunday on SHANA, the ministry’s news agency, is Tehran’s attempt to revive the industry , which, like much of its economy, hasn’t experienced the resurgence it expected following the end of some international […]