"The representative of Kvaerner ASA, Norwegian engineering and construction services company, said the wide welcome of the Tehran IPC Conference heralds a bright future for Iran's petroleum industry. Speaking with Shana on the sidelines of the two-day conference which was mounted by Iranian Ministry of Petroleum to introduce the terms of its new oil and gas contracts, Bjørn Arne Lundblad, the vice president of strategic business development of Kvaerner ASA, said the presence of more than 1,500 executives and representatives of international firms at the conference is an indication of their interest in Iran's oil and gas projects. 'The world's oil and gas industry is now seeking new grounds for investment and Iran is a very suitable option for them,' he said. Lundblad said many projects have been put on table at the conference before the potential investors which require a long time for their assessment and appraisal." (Shana, "Norwegian Firm Welcomes Tehran IPC Conference," 11/30/15)