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| Syria-Lebanon-Iran |
| Oil minister says "no restriction" for US companies in Iran’s oil tenders |
| 2004-06-22 |
| Oil Minister Bizhan Namdar-Zangeneh said here on Wednesday [19 May] that the US companies face no restriction in participating in Iran’s oil tenders. "Iran has neither banned nor restricted US companies from its oil tenders," Zangeneh told a press briefing after the weekly cabinet meeting when asked whether the US Halliburton company had been awarded the bid on a project for development of phases nine and 10 of South Pars gas field. I bet most Americans think U.S. oil companies are not allowed to engage in any form of business with Iran> Zangeneh however declined to say whether any agreement had been reached between Iran and Halliburton in that connection. He said oil supply exceeds the demand on global markets, raising fears of falling prices. He added that oil price rise on the markets is due to the US limited oil refining capacity and its military and political problems. He concluded that regional insecurity has raised concerns on global oil markets. |
| Posted by:Mark Espinola |