The Iranian Minister of Petroleum, Bijan Zangeneh, and former German chancellor Gerhard Schroeder met on Tuesday to discuss increasing cooperation in the energy and industrial sectors.
Following the meeting, Zangeneh told reporters that Iran welcomes the interest that the German companies visiting Tehran with Mr Schroeder expressed in Iranian investments.
“The German companies can take part in Iran’s upstream oil, petrochemical, refinery, distribution, energy consumption improvement sectors.
“They need to choose an Iranian partner for their presence here and the German government can provide the insurance coverage and finance insurance.”
He said German companies which are capable in petrochemical, refinery, and distribution sectors were not present in Iran’s upstream oil sector.
“However, recently, one of them has expressed willingness to develop Iran’s oil fields which we welcome.”
“In the new setting, Iran will not limit its activities to a single country. We are interested in cooperation with Germany, China, Russia, and other countries.”
Schroeder expressed readiness of Germany to increase ties with Iran in all areas and said the impact of improved ties will be soon reflected in their cooperation.
“We are ready for future cooperation with Iran specially with the Ministry of Petroleum. We hope that sanctions will be soon removed and new doors of cooperation will open to the both countries.”
He said German firms are welcomed by Iran and added, “We are not looking at Iran simply as trade partner.”
“Germany is ready for cooperation with Iran in all areas including science and investment,” said Shroeder who was heading a 27-member delegation of industrialists and business people in the talks.