Iran lures oil majors with new contracts pledge
Source: Reuters
Iran will have a new, attractive investment model for oil contracts by September, its president and oil minister told some of the world's top oil executives here on Thursday, part of its drive to win back Western business.
Iranian President Hassan Rouhani and Oil Minister Bijan Zanganeh said their new administration was keen to open up to Western investments and technology, executives who attended the meeting said. They also stressed the importance of fossil fuel, with global energy demand rising.
"The fact that the president of Iran came to the meeting today... is clearly a sign that Iran wants to open up to international oil companies," said Paolo Scaroni, chief executive of Italy's Eni (ENI.MI), who was at the meeting.
"It was an impressive presentation," said one of three further oil executives who were at the meeting and spoke with Reuters on condition of anonymity
Read more: http://www.reuters.com/article/2014/01/23/us-iran-rouhani-davos-oil-idUSBREA0M0JD20140123
Apparently Iran has figured out how to speak 'english'....our language.
