Iran’s oil industry will be a key testing ground for any final peace agreement with the US if Western parties remain committed to its spirit, Oil Minister Mohsen Paknejad has said, Reuters reports.

The ministry’s news outlet, Shana, quoted Paknejad as saying that in a post-agreement era, Iran’s oil sector would offer the global economy major investment opportunities and has hundreds of investment projects, as well as technical and operational partnership contracts ready to be signed.