A representative of Italy's oldest energy company, Edison, said the firm eyes returning to Iran and opening its office in the Asian OPEC-member crude oil producer.
Adriano Abato, speaking to NIPNA, said the removal of sanctions on Tehran's nuclear program paves the way for return of foreign companies to the country as an attractive investment destination.
Edison is Europe’s oldest energy company, and one of the industry leaders in Italy and Europe. It operates in 10 countries around the world and has a staff over 3,000 people in its two main areas of business: electric power and hydrocarbons exploration and production (natural gas and crude oil).
"Good days have come for us and we are planning to return to Iran and joint its energy projects especially its petrochemical projects which are time-consuming by lucrative," he said.
Edison was forced to leave Iran due to the sanctions on the country's energy sector enforced by US and its allies. The company is planning to open its branch office in Tehran so that it can better link with business partners in the Islamic Republic, he added.
Edison's director of commerce further said international energy companies are keen on investing in Iran's energy projects and transfer to the latest technologies to the country but the regulations need to become more stable for foreign firms to come into the country.
Abato said Iranian engineers are highly skilled in oil and gas activities.