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

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 can facilitate attraction of foreign capital to the industry.

Saying that cost of construction of production units in the oil industry has been halved, the energy expert added that national determination is 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.

​