Reuters: Iran: Door open to foreign investors
“Legislators have accused oil giant Royal Dutch Shell, which operates Iran’s 200,000 barrels per day offshore Soroush and Nowruz oilfields, of “cultural imperialism”.”:
Posted Thursday 28 July 2005
Iran’s incoming President Mahmoud Ahmadinejad will be open to foreign investors and Western companies should not take fright, Foreign Ministry spokesman Hamid Reza Asefi said.
Ahmadinejad, viewed by Western countries as a conservative, takes power next month after he won an election in June in the second-biggest crude exporter of the Organization of the Petroleum Exporting Countries (OPEC).
Some conservatives, who want domestic companies to work on Iranian projects, have been buoyed by comments from the new president that foreign companies will not have preferential treatment.