US delegation to discuss investment in Iran’s oil industry

A US delegation is expected in Tehran this week to explore investment opportunities in the country's oil industry with Iranian officials, representatives of oil companies and contractors. The American officials will also discuss cooperation opportunities with Iranian companies working in the oil industry. “It is predicted that following the visit…and possible removal of sanctions… we will witness the presence of major international US oil and gas companies in Iran in future,” said Abbas Sheri-Moqadam, Iran’s deputy petroleum minister.

DEBKAfile:  Although Tehran has yet to sign a nuclear accord and sanctions are still in place, President Barack Obama is jumping the gun to foster relations with Tehran – notwithstanding the assurances he has given Israel and Saudi Arabia.