PremiumEuropean firms’ investment in Iran to increase – Minister

Tehran, Iran, May 20

By Kamyar Eghbalnejad - Trend:

Investment by European companies in Iran’s energy projects will see a major rise not in the too distant future, Energy Minister Reza Ardakanian said.

A conference will be held in Tehran in the coming fall during which investment opportunities in Iran’s market, particualrly energy, for small and medium European firms will be explored, Ardakanian said on May 20 on the sidelines of his meeting with European commissioner for energy and climate Miguel Arias Canete.

The conference will be a good opportunity for European firms to increase their investment in the country’s lucrative market.

“The European commissioner for energy and climate said all participants at the EU-Western Balkans summit (in the Bulgarian capital, Sofia) unanimously decided to continue to honor their commitments to Iran (after Washington refused to remain in Iran nuclear deal),” he said.