29 September 2015 - 14:49
  • News ID: 247623
Iran to Remove Legal Barriers in Oil Industry

TEHRAN Sept. 29 (Shana) – Vice President for Legal Affairs Elham Aminzadeh said Iran is going to sort out legal barriers on the way of development of the oil industry, urging the private sector to help the government in identification of the loopholes.

Speaking at the policy-making council of the Second National Convention of Energy Law on Tuesday, she added, “If we prove successful in securing oil industry’s rights at international forums and in attracting the foreign investment, it will naturally strengthen the private sector.”

She said the conference slated for October 12-13 can facilitate domestic and international operation of the country’s oil and gas industry and also contribute to the performance of the public and private sectors.

Identification and screening out of the problematic rules will be discussed in one of the panels, Aminzadeh said.

Deputy Petroleum Minister Rokneddin Javadi told the council members that legal and contract departments in the industry have not kept in pace with achievements gained by the technical units.

“Laws which support financial sponsors must provide a secure atmosphere for domestic and foreign investors, while some of these laws have added to the bureaucracy and created more obstacles,” he said.

Javadi welcomed passing of laws which permit foreign investment but added that certain rules and monitoring agencies have acted as a hurdle on the development of projects.

Nasrollah Embrahmi, secretary of the conference, also said at the meeting that practical guidelines to be presented at the panels or included in the papers will be seriously followed up.

 




News ID 247623

Your Comment

You are replying to: .
0 + 0 =