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Iran Plans to Meet Foreign Oil Companies to Seek Investment

Iran plans to meet with international oil companies as soon as March to try to entice investors to its energy industry once world powers lift sanctions, the Persian Gulf state’s oil minister said.

Iran, once OPEC’s second-largest producer, is talking with European companies about future projects, Bijan Namdar Zanganeh told reporters today in Vienna. The minister said he hopes Exxon Mobil Corp., Royal Dutch Shell Plc, BP Plc, Eni SpA and Statoil ASA will invest in the country. Iranian officials will meet with international companies in London in March, he said, declining to identify them.