Deputy Oil Minister and Managing Director of the National Iranian Oil Company, Ahmad Ghalebani, announced that a condition for the return of some foreign companies such as French Total and Italian ENI into Iran’s oil industries is an investment on the part of these companies. According to Ghalebani, the companies’ capital investment is a penalty for their acquiescence to hostile anti-Iranian sanctions. He added that not one of these foreign companies has yet to submit a formal application to the NIOC.
Iran conditions return of European oil companies to investments in its territory
- Published: 1 year ago on Tuesday, 12 March 2013
- By: Iran Daily Brief
- Last Modified: March 12, 2013 @ 3:57 pm
- Filed Under: Economy
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