Iran hopes to lure Western investments in country's oil, gas sector

Iran is hoping to attract Western oil majors such as Total, Royal Dutch Shell and Chevron to invest in its oil and natural gas industry. A spokesman for Total said the company would "go back to Iran when and if international sanctions are lifted," and a recent deal in Geneva could lead to Western nations easing their sanctions next year. Trade sanctions against Iran significantly slashed its oil exports last year, and the country's oil minister said Iran needs to attract $100 billion in energy investments over the next five years.

View Full Article in:

Wall Street Journal (tiered subscription model), The · Guardian (London), The

Published in Brief: