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US Companies Invited to Participate in Iran's Oil Projects

TEHRAN (Fars News Agency)- Managing Director of National Iranian Oil Company Gholam Hossein Nozari invited US companies to participate in Iran's oil projects.

Speaking in a press conference here in Tehran on Monday, Nozari said Iran is prepared to work out economic and financial incentives for the American companies to participate in the Iranian oil projects, adding, "Although economic preferences are a top priority for American firms and companies as they are well aware of the excellent preferences that exist for their operations in Iran, this has actually been the D' Amato sanction Law of the US Congress which has impeded their activity in our country."

"Once the Law which is extended by the US presidents annually is ruled as null and void by the US officials, we are confident that many US enterprises will rush to Iran to enjoy the investment opportunities and preferences that reside already or we will create for them in here," he added.

The Iranian oil official stressed that under such circumstances, his company would certainly hold negotiations with the US companies to pave the ground for offering and attracting them with still more rewarding conditions and preferences that already exist in Iran.

He said partnership of the US oil companies can give rise to tighter competition in the Iranian projects and lower down tender prices and, meantime, affect current and future decision makings by the US politicians and statesmen.

... Payvand News - 8/30/06 ... --

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