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BEIRUT / Reuters
Attracting foreign investment for Iran’s oil sector will continue to be a top priority during President Hassan Rouhani’s second term, Iranian Oil
Minister Bijan Zanganeh said.
“Attracting foreign investment and technology is a priority for us in the oil industry, whether in shared fields or for increasing the production of oil at fields that are already operational,†he said during a live television interview on state TV.
Zanganeh, who won parliamentary approval to stay on as oil minister, has been credited with increasing Iran’s crude output since many global sanctions were lifted last year following
an international deal on Iran’s nuclear programme.
He has also won praise with a multi-billion-dollar deal with France’s Total to develop South Pars, the world’s largest gas field. Total will be the operator with a 50.1 percent stake, alongside Chinese state-owned oil and gas company CNPC with 30 percent and National Iranian Oil Co subsidiary Petropars with 19.9 percent.