“Iranian media reported Wednesday a delegation from Austrian energy company OMV is en route to Tehran to explore stronger energy ties with the Islamic republic.
“An energy committee between Iran and Austria is being held in order for the two countries to assess the road map to mutual cooperation in energy and economic fields,” the oil ministry’s news website SHANA reported.
OMV was among the first to sign agreements with Iran this year in a step toward resuming formal operations in the oil- and gas-rich member of the Organization of Petroleum Exporting Countries.
Sanctions pressures on Iran started easing in January after the United Nations confirmed compliance with a multilateral nuclear agreement brokered last year. European sanctions are easing faster than those enacted by the United States, though some sanctions that remain in place make it difficult to do business with Iran.”