Denmark’s Ambassador to Iran, Danny Annan, said that Danish firms are prepared to transfer technology and invest in Iran’s oil and gas industry. Annan called for enhanced cooperation between Tehran and Copenhagen in the oil and gas sectors, stressing that Danish companies are keen to work in Iran’s offshore gas and oil projects, reported Global Times.

The ambassador remarks came during a meeting between a visiting delegation of Danish entrepreneurs with Iran’s Managing Director of Industrial Projects Management, Morteza Emami. Annan referred to developing Iranian-Danish relations in the aftermath of Iran’s nuclear deal, saying that Copenhagen is interested in win-win projects with Tehran in the energy field, according to Hellenic Shipping News.

The National Iranian Oil Company (NIOC) plans to drill 300 wells at the South Pars oil layer, which requires Improved Oil Recovery (IOR) and Enhanced Oil Recovery (EOR) technologies to reach crude oil. Accordingly, in October, the National Iranian Oil Company’s (NIOC) Deputy Director, Gholam-Reza Manuchehri, said that Iran was discussing with the Danish business conglomerate, Maersk Group, the extraction of oil from the world’s largest gas field, South Pars in Iran.