TEHRAN, Aug 17 (Shana) – Minister of Petroleum Bijan Zanganeh and Norwegian Foreign Minister Borge Brende discussed Iran-Norway cooperation in oil sector.

Zanganeh said, “We have always had good relations with Norway in the oil sector; in 2010s major Norwegian companies were active in Iran. Statoil was active in phases six, seven and eight of South Pars joint gas field and Norsk Hydro was active in several Iranian explorative blocks at that juncture.”

A landmark deal between Tehran and world powers, which was signed in July last year and came into force in January, saw many international sanctions on Iran lifted, reopening the country’s economy to a stream of investments across a range of industries including financial services, consumer electronics, and renewable energy, according to fDi Markets.

The primary investing countries in Iran during this period were South Korea and Germany, which together have a capital expenditure of $2.15 billion.

Iran has attracted $5.168 billion in foreign direct investment after the implementation of the nuclear deal, government spokesman Mohammad-Baqer Nobakht said on August 8.

 

By SHANA