Iran names European, US firms it wants back to its oilfields — RT Business

Iran names European, US firms it wants back to its oilfields — RT Business:

"Iran named seven Western companies it wants back to explore oil in the country after international sanctions are lifted, including five European and two American firms. Contract terms will be announced in April 2014.

Total of France, Royal Dutch Shell, Italy's ENI, Norway's Statoil, Britain's BP and US companies ExxonMobil and ConocoPhillips will be welcome to work in the country, Reuters reported Iranian Oil Minister Bijan Zanganeh as saying.

Speaking to reporters at an OPEC meeting, Zanganeh said he had already negotiated with some of the companies, but not yet with the American firms.

"We had no limitations for US companies. Twenty years ago there were limitations against them from their own administration. For doing projects in Iran, we have no limitations," Zanganeh said.

In reply to a question about whether Iran wants to see Chinese and Indian companies working in Iran, he said: "Yes, but now we are discussing with European [firms].""

'via Blog this'