Spain Eager to Invest in Iran Energy Sector Irrespective of Conditions

An Iranian deputy petroleum minister said on Monday Spanish firms were eager to cooperate with Iran despite ongoing political tensions. 

The presence of Spain in Iran so seriously indicates that they are still willing to cooperate with the country in the light of its conditions,“ Amir-Hossein Zamani-Nia, deputy minister of petroleum for international affairs and trading, said.

”We don’t think there would be any problem for the continuation of cooperation with Spanish and other European companies,“ he said during an Iran-Spain Forum at the Iran Oil and Gas Show in Tehran.

He said that memorandums were signed between Iranian and Spanish firms for cooperation in upstream and downstream sectors, supply of equipment, enhanced oil recovery (EOR) and improved oil recovery (IOR).

”We have notified the Spanish party of grounds for cooperation with Iran in manufacturing and supplying equipment,“ said Zamani-Nia.

”The Spanish companies have negotiated with several companies for financing Iranian projects. They have tried to select companies well aware of conditions for cooperation and our challenges" he said.

The next Iran-Spain forum is scheduled to be held in July 2019 in Spain.