“Both events have their exclusive advantages. In the Tehran conference, Iranian companies can have a stronger participation,” Chairman of Oil Contracts Revision Committee Mehdi Hosseini told Shana.
“There are no limitations for Iranian and foreign firms to attend the Tehran or London conferences,” he added.
He said the London conference was postponed from December 2015 to February 2016 so that it will be held after removal of sanctions. “With the official lifting of sanctions, foreign firms and investors face no international limitation to take part in the event.”
The Iran Petroleum Contracts (IPC) are expected to be more attractive to investors.
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.
In September, Minister of Petroleum Bijan Zangeneh welcomed foreign investment in Iran’s energy industry but said the Islamic Republic is interested in the technology transfer by foreign partners.
“More than cash or using the technology, we would like to have their advanced technology to be transferred to domestic companies,” he stressed.
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