Chinese firms interested in Iran’s overseas projects
The executive director of the Iranian Offshore Engineering and Construction (IOEC) Company said Chinese firms have expressed eagerness to participate in Iran’s overseas projects after Washington’s pullout from the country’s nuclear deal.
"We are more looking for European companies to cooperate (on our overseas plans). Of course, the Chinese have also referred to us for many times (to undertake our projects overseas)," Abolqasem Rahmani told.
He added that foreign companies’ potential exit from Iran due to the threat of new US sanctions would not be a hindrance to our overseas projects.
We need to get help from foreign firms in the exploration and production (E&P) sector, Rahmani, however, said, noting that IOEC also needs to clinch foreign finance deals in order to able to continue to implement the projects.
US President Donald Trump announced on May 8 that Washington was walking away from the nuclear agreement, which was reached in 2015 between Iran and the five permanent members of the UN Security Council - the US, Britain, France, Russia and China - plus Germany.
Trump also said he would reinstate US nuclear sanctions on Iran and impose "the highest level" of economic bans on the Islamic Republic.
The US sanctions have a 180-day period during which buyers should "wind down" purchases.
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