Foreign funds for Iran’s oil sector a top priority: Oil Minister

21 Aug 2017   Iran

Attracting foreign investment for Iran’s oil sector will continue to be a top priority during President Hassan Rouhani’s second term, Iranian Oil Minister Bijan Zanganeh said on Sunday. “Attracting foreign investment and technology is a priority for us in the oil industry, whether in shared fields or for increasing the production of oil at fields that are already operational,” he said during a live television interview on state TV. Zanganeh, who won parliamentary approval on Sunday to stay on as oil minister, has been credited with increasing Iran’s crude output since many global sanctions were lifted last year following an international deal on Iran’s nuclear program. He has also won praise with a multi-billion-dollar deal with France’s Total to […]

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