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Tehran officially invites Shell, BP to invest in Iranian oil projects

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By Rahim Zamanov – Trend: Baku, Azerbaijan, Jan. 17

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, Iranian Mehr News Agency reported on Jan. 17.

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.

The debts of BP to Iran has not published officially yet, but Shell said in March 2013 that it has $2.3 billion debts to Tehran.

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