Iran nuke deal done, now it's time for business: European firms flock to Iran forum

Energy Associated Press

Iranian Deputy Oil Minister Amir Hossein Zamaninia is telling potential European investors that Tehran is looking for foreign partnerships for oil and gas projects worth $185 million (nearly 170 billion euros) by 2020.

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Iran also is pitching the mining and financial sectors and its automotive industry Thursday at what is billed as the first forum designed to attract foreign investment since Tehran sealed its July 14 nuclear deal with six world powers.

Nuclear-related sanctions on Iran are scheduled to be lifted over the coming months, and more than 300 people representing dozens of European companies are attending the event.

American firms, though, will have to wait. U.S. sanctions not related to the nuclear program will still be in place and bar most American companies from doing business with Iran.