South African and Kuwaiti companies have voiced willingness to make investments in oil projects of Tamin Petroleum and Petrochemical Investment Company (TAPPICO), the head of the Iranian company said on Saturday.
"South Africa and Kuwait have expressed willingness to make investments in oil projects launched in Siraf Refining Park, Fanavaran Petrochemical Company, and Anahita Oil Refining Company," the head of TAPPICO Mohamamd Shiri said on the sidelines of the 1st exhibition of Social Security, Investment, and Sustainable Development.
Shiri added that TAPPICO is also studying offers from other foreign companies who wish to make joint ventures in different oil projects following the removal of Western sanctions in the near future.
Since the nuclear agreement between Iran and the Group 5+1 (the US, Russia, China, France and Britain plus Germany) in the Austrian capital on June 14, Iran has been inundated with the flood of offers from foreign companies, organizations, firms, and banks.
Officials in Tehran have stated that they will act selectively in choosing future partners who are lured by its lucrative industry.