Presidential Chief of Staff Mohammad Nahavandian informed heads of European banks on the promising prospects of investment in Iran including on oil and gas projects following removal of sanctions. “Iran had prepared the setting for cooperation in joint investments prior to implementation of the (nuclear) Joint Comprehensive Plan of Action (JCPOA),” he told a meeting with European bankers on the sidelines of the World Economic Forum in Davos, Switzerland. Implementation of JCPOA and removal of anti-Iran sanctions officially started on January 16 when Foreign Minister Mohammad Javad Zarif and European Union Foreign Policy Chief Federica Mogherini read out a joint statement in Vienna. Explaining the roadmap on complete removal of the sanctions, Nahavandian also briefed the EU and US banking managers on the mode of bilateral cooperation and how Iran has facilitated foreign investment. Iran gives the priority to infra-structure ventures and transfer of technology including in oil and gas projects, he added.