TEHRAN -- Iran plans to offer oil and gas condensate to “any investor” in exchange for either goods or capital investment in the Islamic Republic’s sanctions-hit energy sector, the country’s oil minister said.
The ministry would welcome investment in both Iran’s upstream and downstream industries in exchange for oil or condensate, Javad Owji said, without specifying whether the initiative is aimed at domestic or foreign buyers. The plans were presented to lawmakers on Sunday and are pending their approval, he said.