Iran invites Shell, BP to invest in oil projects

January 20, 2014

Iranian Oil Minister Bijan Namdar Zanganeh has formally invited giant British oil companies, Royal Dutch Shell and British Petroleum, to take part in the country's oil and gas projects, the Azerbaijani news agency Trend reported on January 17, citing the Iranian Mehr News Agency.

The British companies say they will return to Iranian projects once the sanctions imposed on the country's oil and gas sector are completely lifted.

Shell and BP are on top of the list of Iran's oil debtors, according to Mehr News Agency.

Copyright: Trend, 2014