Norwegian Statoil company has no plans to invest capital in Iran

Norwegian Statoil oil and gas corporation does not plan to invest capital into Iran right now, Statoil press  officer Knut Rostad told Prime agency.

“We have been reducing our presence in Iran for some time and this summer we closed our office in Tehran. We have no plans to invest capital into Iran in the future,” said the same source.

On November 27, 2013 Iranian Minister of Oil Industry Bidjan Zanganekh told Financial Times that the country is going to re-establish contacts with the oil and gas giants, such as Total, Royal Dutch Shell, Eni and Statoil. It was also reported that the international companies have already started talks with the representatives of Iranian oil and gas companies.

During the last weekend Iran and the “six” international mediators have reached an agreement in Geneva, according to which Iran will reduce the works on the nuclear program and provide access to the international experts for careful checkups and the economic sanctions against the country will be eased.

It is too early to predict development of events and when Iranian oil could return to the international oil market, said Statoil’s representative.

Statoil has been developing hydrocarbons on the Norwegian continental shelf for 30 years and it is a pioneer of implementation of offshore projects in difficult climatic conditions. The government is the biggest shareholder in Statoil.—0—