Iran’s oil minister to seek investment at Davos | GulfNews.com:
"Iran’s oil minister will hold a “face-to-face” meeting at Davos with major oil companies to try to coax them back to the sanctions-hit country, media reported on Wednesday.
“We have designed a gigantic volume of investments and technical activities to recover and produce more oil and gas from our fields...and giant international oil companies can play a role in this regard,” Oil Minister Bijan Zanganeh was quoted as saying by state broadcaster IRIB’s website.
Iran’s vital oil exports have been more than halved by a raft of international sanctions aimed at curbing its nuclear drive, which the West claims is being used to develop atomic weapons. Iran insists its programme is entirely peaceful."
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