Iran Extends Energy Olive Branch to West

From Google News

By Angus Mackinnon

Iran on Thursday stepped up its efforts to woo investors and normalise its relations with the West with an offer to help create a new multilateral body tasked with stabilising global energy supplies.

President Hassan Rouhani told the World Economic Forum in Davos that Tehran was ready to put some of its extensive oil and gas reserves at the disposal of the proposed new body in an initiative designed to underline his government’s desire for a new relationship with the West following the partial easing of crippling sanctions under an interim deal on Iran’s nuclear capacity.

Rouhani told the annual gathering of business and political leaders from across the world that energy provided an important link between economic and security interests.

“The Islamic Republic of Iran is ready to engage in constructive cooperation in promoting global energy security by relying on its vast energy resources in a framework of mutual interest,” Rouhani said.

“We are prepared to engage in a serious process to establish a reliable institution for this long-term partnership.”

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