US Firms are the Biggest Losers from SanctionsSource: www.gulfoilandgas.com 12/2/2017, Location: Asia
Iranian oil minister declared that energy-related firms from the U.S. are the main losers from the sanctions placed against his country. Speaking at the OPEC meeting in Vienna Thursday, Iran’s Oil Minister Bijan Zangeneh, said the policy was both confusing and self-defeating.
“I don’t understand why U.S. companies cannot enter the Iranian market. They cannot get involved in the biggest oil projects in the world, taking place here in Iran,” he said.
Zangeneh said Iran had “no difficulty” with U.S. expertise or capital and that his country needed billions of dollars of investment to complete several major projects designed to ramp up Iranian oil output.
The OPEC veteran said the U.S. restrictions hadn’t prevented companies from other nations signing up to invest.
“So far everything is going well. We hope we can sign some contracts before the end of this Iranian calendar year,” he said.
Zangeneh said contracts for oil infrastructure development were typically around three years long and would not be greatly affected by any OPEC agreement made at the current meeting.
Oil traders expect a group of OPEC and non-OPEC countries to announce Thursday that an agreed cap to supply levels will be extended by nine months, taking it until the end of 2018.
Oil & Gas Companies News in Iran >>
India >> 7/17/2018 - Total and Tata Consultancy Services (TCS) have signed a partnership agreement to create a digital innovation center in India. Based in Pune in the Sta...
Azerbaijan >> 7/2/2018 - BP and its partners in the Shah Deniz consortium have announced the start-up of the landmark Shah Deniz 2 gas development in Azerbaijan, including its...
Cleaning Equipment, Services
Land & Leasing
Oil & Gas Companies
Transportation, 4X4 Trucks
Water Supply Services
Related Articles: Camp Building Cleaning Equipment, Services Communication Corrosion Products/Services Development Exploration General Labor Services Land & Leasing Mine Clearance Oil & Gas Companies Production Service Companies Transportation, 4X4 Trucks Utility Systems Water Supply Services Welding Products/Services
|Iran Oil & Gas 1 >> 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 ||