Saying that the existing Tender Code has numerous bureaucracies, she added that it has entangled the private sector and created problems for the public sector.
Aminzadeh made the remarks in a press briefing on the Second National Convention of Energy Law slated for October 12-13 in Tehran.
“If we prove successful in securing oil industry’s rights at international forums and in attracting of foreign investments, it will naturally strengthen the private sector,” she told the event’s policy-making council last week.
“Laws which support financial sponsors must provide a secure atmosphere for domestic and foreign investors, while some of these laws have added to the bureaucracy and created more obstacles,” deputy Petroleum Minister Rokneddin Javadi told the council members, adding that legal and contract departments have not kept in pace with achievements in the technical units.
Javadi welcomed passing of laws which permit foreign investment but added that certain rules and monitoring agencies have acted as a hurdle on the development of projects.
“The new oil contracts and the projects to be developed within their scope will be introduced to foreign investors in a conference in Tehran in month of Aban (Oct 23 – Nov 21),” he told Shana.
The Tehran event is expected to be embraced by foreign firms longing for participation in Iran’s oil industry in the post-sanction era.
“More than cash or using the technology, we would like to have their advanced technology to be transferred to domestic companies,” he stressed.
In the wake of nuclear deal in July, Iran has hosted high-ranking officials and corporate executives of major companies from Germany, Spain, Austria, Italy, and France to discuss new cooperation ventures.
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