Iran: NIGC Welcomes Investment in Gas Projects

Iran is ready to enter into talks with foreign investors under new gas contractual frameworks, managing director of the National Iranian Gas Company (NIGC) Hamidreza Araqi said.

He stated that huge reserves of natural gas in Iran are reliable sources for securing investments in the country, Iran’s SHANA news agency reported.

Araqi said the especial committee was set up by minister of petroleum to revise contractual frameworks is involved in revamping contracts so that in addition to securing Iran’s national interests, to provide proper investment opportunities for foreign investors.

“The country will become an attractive market for foreign investment especially Europe due to its huge gas reserves,” NIGC’s managing director stated.

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LNG World News Staff, November 5, 2013; Image: NIGC