Iranian Oil Minister Javad Owji stated Sunday morning that after the nuclear deal with the United States is signed, Iran's oil industry will become the largest investment platform in the global economy, according to N12. The statement reflects Tehran's ambition to aggressively expand production and attract foreign capital as sanctions relief is expected to begin.
Iranian Oil Minister Javad Owji said Sunday morning that once the US-Iran nuclear deal is signed, the country's petroleum industry will become "the largest platform for investments in the global economy," according to a report by N12.
The statement comes as the deal appears close to finalization. As The Zioneer has reported in recent days, the emerging agreement is expected to include immediate sanctions relief on Iranian oil exports and banking (WSJ, June 16), and the US has signaled it will permit oil sales as soon as the deal is signed (AFP, June 17). Iran has already resumed some oil exports, the desk reported on June 16.
Owji's bullish assessment—framing the sector as a premier global investment destination—follows a series of statements from Iranian officials projecting economic gains from the deal, while also acknowledging the immense damage from US strikes and sanctions. President Trump said Wednesday that the US caused billions of dollars in damage to Iran and that "someone will have to help [Iran] — it won't be us" (Moriah Asraf & Doron Kadosh, N13/Army Radio, June 17).
It remains unclear whether Iran's actual production capacity and infrastructure, which have suffered years of sanctions and recent military damage, can support the minister's ambitious claims. The deal's final terms have not been published.
- StrongUS says Iran to be allowed to sell oil as soon as nuclear deal is signed — AFP
- StrongWSJ: US-Iran deal to include immediate sanctions relief on oil and banking
- DevelopingIranian economy minister says US deal opens new phase of economic struggle
- StrongTrump issues fresh statement praising Iran deal, says Iran will never have nuclear weapons
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