Technology Transfer Tops Oil Industry Priorities

Technology Transfer Tops Oil Industry Priorities

The main priorities in negotiations with international giants are transfer of advanced oil and gas technology and support for the private sector, said Amir Hossein Zamaninia, Iran's deputy oil minister for international and commercial affairs, on Monday.

"We will select our future partners based on the priorities set by the oil minister, not companies' personal interests," he said, Fars News Agency reported.

"No projects have been offered to foreign enterprises yet, despite the fact that they are willing to not only finance but also to implement them."

The official stressed that developing domestic oil industry's capabilities is more crucial than the much-needed fund since companies that implement projects will take care of the financial issues.

Asked whether sanctions have been suspended or lifted, Zamaninia said, "According to the Joint Comprehensive Plan of Action's terms, sanctions have already been terminated and they will take effect in a few months. Hence, there is no potential risk involved, as long as Iran fulfills its commitments."


Short URL : http://goo.gl/oTwPZO

You can also read ...

1 Million Smart Meters for Energy-Intensive Consumers in Iran
One million energy-intensive households and commercial units...
Asia Buyers of Iran Oil Hopeful of US Waivers
Asian buyers of Iranian oil are gaining confidence they will...
Iran: 7 Combined-Cycle Power Plants Ready for Launch in June
Work is in progress to develop new phases in combined-cycle...
Poland Signs 20-Year LNG Deal With US Co.
Poland’s main gas firm PGNiG has signed a 20-year agreement...
Iran Oil Co. Chief Calls for Buying Stake in Foreign Refineries
Talks are underway to buy shares in refineries of other...
Iran's SIPIEM Inviting Foreign SMEs in Energy Sector
The Society of Iranian Petroleum Industry Equipment...