Iran's joint fields, good opportunity for Europe: MP
A member of the Iranian parliament (Majlis) says hydrocarbon fields that Iran shares with neighboring countries offer a very good investment opportunity for European companies.
“European companies can invest in Iran's joint oil and gas fields in a win-win equation,” Saeed Heidari-Tayyeb, member of the Iranian parliament’s Energy Committee, was quoted by the Oil Ministry's SHANA news agency as saying on Wednesday.
Referring to frequent visits by various European delegations from France, Italy and Germany to Iran in recent days, the Iranian lawmaker said in line with the Iranian administration’s policy of strategic interaction with the world, the country is bent on developing relations with all nations.
“One of the fields in which European and other companies can cooperate with Iran is development of joint fields, because those companies will also benefit from activation of Iran's energy resources,” Heidari-Tayyeb added.
He emphasized that those countries that seek to develop their relations with the Islamic Republic must work with Iran in joint ventures aimed at increasing the production and export of the country’s hydrocarbon resources.
“As Iranian officials have emphasized, Iran is not willing to turn into a market for consumer goods and its doors will remain closed to nonessential commodities,” he said.
During recent years, Iran has been taking steps to development hydrocarbon fields it shares with neighboring countries, especially those located in the Persian Gulf.
In early May, a senior Iranian official said the country is preparing a new model of oil contracts to attract foreign investment in Iranian oil fields, especially those shared with neighboring states.
“In the IPC (Iran Petroleum Contract) contracts, joint fields should be given the priority. We have to make [the contracts] attractive enough for oil companies to be more willing for investment,” Mehdi Hosseini, who heads a committee named by Minister of Petroleum Bijan Zangeneh to formulate new oil contracts, said.
Under the IPC, the National Iranian Oil Company will set up joint ventures for oil and gas production with international companies which will be paid with a share of the output of those projects.
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