Iran's oil
minister will hold a "face-to-face" meeting at Davos
with major oil companies to try to coax them back
to the sanctions-hit Islamic republic, media
reported Wednesday.
"We have designed a gigantic volume of
investments and technical activities to recover and
produce more oil and gas from our fields … and
giant international oil companies can play a role in
this regard," Oil Minister Bijan Zanganeh was
quoted as saying by state broadcaster IRIB's
website.
Iran's vital oil exports have been more than halved
by a raft of international sanctions aimed at
curbing its nuclear drive, which the West claims is
being used to develop atomic weapons. Iran insists
its programme is entirely peaceful.
"At the oil and gas industry meeting in Davos ,
which will be attended by Iran's president, I will
hold a face-to-face meeting with the high-ranking
managers of major oil companies to explain (their
roles)," said Zanganeh.
Iran clinched a historic nuclear deal with world
powers in November, under which it agreed to curb
parts of its nuclear drive for six months in
exchange for modest relief from international
sanctions and a promise by Western powers not to
impose new restrictions.
The landmark deal took effect on January 20 when
Iran halted production of 20 percent enriched
uranium.
Iranian Oil Minister Bijan Namdar Zanganeh in
Tehran on August 15, 2013 (AFP Photo/Behrouz
Mehri)
"Our efforts at the oil ministry have been focused
on the post-sanctions era," Zanganeh said.
More than 40 heads of state and government are
among some 2,500 participants attending the
annual economic summit in the picturesque Swiss
mountain resort.
Iran's President Hassan Rouhani will attend the
meeting, accompanied by Foreign Minister
Mohammad Javad Zarif and Zanganeh.
Rouhani, a moderate cleric who defeated
conservatives in last year's election, aims to drum
up international investment for his sanctions-hit
economy on the back of the diplomatic thaw with
the West.
Rouhani called the Davos gathering an important
opportunity for Iran "for both economic reasons as
well as explaining our political views."
Sent From David Aniemeka
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