Official: No Change in Iran-Total Contract

  • Nov 27, 2017
  • Fars News Agency

TEHRAN (FNA)- Iranian Deputy Industry, Mine and trade Minister Mansour Moazami said that the foreign investors have not quit investing in Iran, and dismissed any change in the country's contract with giant energy firm, Total.

Moazami, who is also chairman of the Industrial Development and Renovation Organization of Iran, made the remarks in a press conference held on the sidelines of the 2nd International Tehran Auto Show 2017 (November 27-December 1) which is underway with participation of over 400 Iranian and international manufacturers and traders.

Commenting on rumors about cancellation of Total contract with National Iranian Oil Company (NIOC), he said that up to now, Total has not made any change in its contract with the NIOC.

"Those foreign companies that are keen to invest in Iran are prioritized for cooperation," the Iranian official underlined.

Despite the US pressures, western companies are still interested in investment in Iran. Many European companies, including the French carmaker Renault and also Total have inked cooperation documents with their Iranian counterparts.