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State media: 300% decrease in foreign investment in Iran

State media: 300% decrease in foreign investment in Iran

May 10,  The Iranian state-run Vatan daily published a statement on Monday issued by so-called Oil Industry Specialists in an attempt to undermine a recent speech delivered by the Iranian regime’s President Hassan Rouhani.

Vatan, linked to the faction of the Iranian regime’s Supreme Leader Ali Khamenei, said in its report:

“As you know based on the latest United Nations Conference on Trade and Development, in the past four years, meaning during [Rouhani’s tenure] foreign investment in Iran has decreased 300% from $4bn in 2012 to $1bn in 2016!… Why have Shell and Repsol pulled out of phases 13 and 14 of the South Pars gas field despite a year of negotiations?! Why is Statoil of Norway not willing to cooperate with Iran’s National Oil Company in the joint Azar field?!”