"The JCPOA must be implemented before joint ventures in Iran can be put out to tender," said the Iranian official, stressing that direct investments by companies will obviate the need for holding tenders.
Zangeneh said Japanese services companies will need to provide insurance coverage for their activities in Iran if they are willing to expand their presence in the country.
"In the past, the two countries had good cooperation and we hope that their mutual ties will lead to generation of wealth after the sanctions relief," added Zangeneh.
He further said Iran is prepared to consider bids by Japanese companies.
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