Iran cancelled oil conference in London due to visa problems

Baku. 30 January. REPORT.AZ/ Iran has cancelled an oil conference in London next month, when Tehran was expected to reveal its new oil and gas contracts to investors, apparently over a delay in getting visas, Report informs citing the Reuters deputy head of the National Iranian Oil Co. (NIOC) Ali Kardor said that.

The deputy head of the National Iranian Oil Co. (NIOC) also said foreign companies would be invited in May to bid for new oil contracts.

"The London conference has been cancelled because the British embassy in Tehran could not issue visas for representatives of Iranian companies as its visa section has yet to become active," Ali Kardor told the weekly. "And they had to acquire their visas from a third country."

The conference has been postponed five times because of uncertainty over sanctions. In September, Iranian oil ministry officials said the Iran Petroleum Contract (IPC) would be revealed in London in Feb. 22-24.