Oil giants desperately keen to enter Iran’s market

A Turkish Newspaper has written while Iran and the Group 5+1 have not yet reached a final agreement on nuclear issue, western oil companies are extremely eager to enter Iran’s oil and gas markets.

The paper has added Iran’s resources are so rich that the country will have oil for the next 50 and gas for the next 70 years even if no new oil resources are discovered. The paper said Iran’s National Oil and Gas Company has discovered new oil resources and Iran is discussing with 18 international companies to work on 40 oil and gas fields.