IRAN: Iran has cancelled a London conference where it was set to introduce new oil and gas contracts to investors, the Seda weekly reported on Saturday citing a senior Iranian official who blamed a delay in getting visas. Postponed five times amid uncertainty over international sanctions against Iran which were lifted this month, the conference had been set for Feb 22-24. Foreign companies will now be invited in May to bid for the new Iran Petroleum Contracts (IPCs), Ali Kardor, deputy head of the National Iranian Oil Co. (NIOC), told the weekly. “The London conference has been cancelled because the British embassy in Tehran could not issue visas for representatives of Iranian companies as its visa section has yet to become active,” Kardor said.
Published in The Express Tribune, January 31st, 2016.
Like Business on Facebook, follow @TribuneBiz on Twitter to stay informed and join in the conversation.