90 firms eye Iran blocks

The Islamic Republic, which analysts say needs foreign technology to improve production in its fields, had said it hoped to attract international investment of at least 460 million euros ($599 million) in the blocks.

‘The 17 new blocks that have been presented in the recent Vienna meeting have been welcomed by 90 foreign companies for investment,’ the head of the National Iranian Oil Company (NIOC), Gholamhossein Nozari, was quoted as saying by state radio.