Jan 17, 2014, 11:12 AM
News Code: 2625783
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Geneva Deal paves way for presence of oil giants in Iran: MP

Tehran, Jan 17, IRNA – Head of Majlis Foreign Investment Attraction Committee Jalil Jafari said on Friday that the implementation of Geneva nuclear deal between Iran and the P5+1 would prepare the ground for presence of international oil companies in Iran.

Jafari told IRNA that the implementation of Geneva deal slated to start January 20, 2014 would bring with itself great economic achievements for Iran in all fields.

He said it would also lead to a rise in foreign investment projects in the country.

Highlighting the willingness of big international companies to resume cooperation with Iran in oil industry, Jafari said the presence of such companies in Iran could help the country overcome obstacles in joint oil and gas fields.

Following the nuclear agreement between Iran and the 5+1 in Geneva on November 24, 2014, international oil and gas giants began negotiations with Iran, Jafari said, adding that the implementation of Geneva Deal could facilitate their presence in Iran.