13 October 2015 - 16:44
  • News ID: 248383
Oil Investments to Boost in Post-Sanction Era: Deputy FM

TEHRAN Oct. 13 (Shana) – Deputy Foreign Minister for Parliamentary and Consular Affairs Hassan Qashqavi said the nuclear Joint Comprehensive Plan of Action (JCPOA) has stipulated removal of sanctions on Iran’s oil industry and encourages international cooperation in this field.

“Energy is one of the topics which was laid down in the nuclear deal, and we hope it will lead to positive outcomes,” he told Shana on Tuesday following ratification of JCPOA by Iranian parliament.

“There are many who are waiting for investment in Iran’s oil and energy sector after JCPOA is implemented,” he added, “Therefore, with its execution, there will be a desired boost in the investment in oil, gas, petrochemical and other areas.”

Qashqavi also cautioned over expecting too much from the nuclear deal and said a nationwide drive is needed to raise production activities in the country.
News ID 248383

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