LUDWIGSHAFEN, Germany (Dispatches) -- BASF SE is exploring options for tapping Iran's recently opened energy market, making it the latest in a long line of German firms looking to expand into the Islamic Republic.
Chief Executive Kurt Bock said Friday that the company -- through its fully-owned oil and gas subsidiary Wintershall AG -- is currently examining business opportunities in Iran after being courted by Iranian authorities. "We are trying to see whether there is an opportunity in the oil and gas business in Iran to gain a foot hold there," Bock said. "We were invited by the national authorities and we will take a look at it."