Oil minister says Trump should let US oil firms into Iran

By The Associated Press

Iran's oil minister says President Donald Trump should allow American oil firms to do business in the Islamic Republic.

 

TEHRAN, Iran (AP) — Iran's oil minister says President Donald Trump should allow American oil firms to do business in the Islamic Republic.

Bijan Zanganeh's comments on Tuesday come as Americans and U.S. companies are still barred from directly doing business with Iran. That's even with the 2015 nuclear deal being in place.

Zanganeh was quoted as saying: "If they want to, we are ready to negotiate American companies about development of oil and gas resources."

His remarks were reported by Iran's state-run IRNA news agency.

He added: "We have not closed doors" to American companies.

Trump last week refused to re-certify Iran's compliance with the nuclear deal with world powers, and criticized Europeans for their participation in Iran's energy projects. French oil giant Total SA has entered the Iranian market following the deal.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs