Friday 4 October 2013

Iran thaw warms Western oil company interest | ASHARQ AL-AWSAT

Iran thaw warms Western oil company interest | ASHARQ AL-AWSAT:

"The tempting taboo of Iran’s oil and gas riches has moved a step nearer for Western oil companies, lining up to woo Tehran if sanctions finally succumb to a diplomatic thaw.

US oil firms—barred by Washington from Iran for nearly two decades—planned to meet Oil Minister Bijan Zanganeh last week at the United Nations, encouraged by the new tone in Tehran, industry sources said.

“We’re willing to talk: Iran’s got tremendous potential,” said a senior executive from a major US oil company who requested anonymity while preparing for exploratory talks."

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