"Direct investment is highly favored by Iran's petroleum ministry but before that, Iran's oil industry is in need of technologies and project management," said the official.
Zamani-Nia's statements came after weeks of busy work receiving high-level delegations from Spain, Austria, Mexico, Britain, South Korea, Germany and South Africa, who had made the trek to Iran to hunt out investment opportunities after the removal of western sanctions on the country.
Unfreezing Iran's oil money as well as bolstering cooperation between top Iranian and foreign companies are the main topics usually discussed during the meetings of foreign delegations with Iranian officials.
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