Iran's Rouhani to address Western oil CEOs in Davos

ByREUTERS
January 22, 2014 15:11




DAVOS, Switzerland - Iranian President Hassan Rouhani will address a panel of top global oil executives on Thursday as the Islamic Republic steps up efforts to win back investments from oil companies as part of its rapprochement with the West.


Rouhani will give a short speech to chief executives from oil majors such as Eni, BP, Total and Shell, according to several executives who meet on the sidelines of the annual World Economic Forum in the Swiss Alpine resort of Davos.


Heads of US companies such as Exxon Mobil could also attend, the executives said.


Tehran wants Western oil companies to revive its giant ageing oilfields and develop new oil and gas fields once sanctions are lifted and is improving its oil investment contract in order to lure them in.


The major OPEC producer has started implementing a nuclear deal with world powers, a step towards a broad settlement which could lead to the end of sanctions.

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