Iran: U.S. Companies Welcome to Invest in Oil Sector

TEHRAN, Iran (AP) -
Iranian workers walk at a unit of South Pars Gas field in Asalouyeh Seaport, north of Persian Gulf, Iran in this November 19, 2015 file photo. REUTERS/Raheb Homavandi/TIMA/Files ATTENTION EDITORS - THIS IMAGE WAS PROVIDED BY A THIRD PARTY. FOR EDITORIAL USE ONLY.
Iranian workers walk at a section of the South Pars Gas field in Asalouyeh Seaport, north of the Persian Gulf, Iran in this 2015 file photo. (Reuters/Raheb Homavandi/TIMA/Files)

Iran’s oil minister says U.S. companies are welcome to invest in the Iranian oil and gas industry.

The State-run “Press” channel on Sunday quoted Bijan Namdar Zangeneh as saying that “in general, we have no problem with the presence of American companies in Iran.”

Without elaborating, Zangeneh simply stated that it is the U.S. government which is “creating restrictions for these companies.”

He also confirmed that Iran’s state-run oil company has held talks with General Electric.

All sanctions related to Iran’s nuclear program were lifted in January under a landmark agreement reached with world powers, but the U.S. still maintains sanctions related to Iran’s ballistic missile program and to its support for groups which the State Department has designated as terrorist organizations.