The Kazakh-born businessman and president of the Euro-Asian Jewish Congress, Alexander Machkevitch, has said he would invest heavily in the Iranian energy sector if the regime in Tehran gives up its nuclear program.
"I have already discussed a specific project worth many billions of dollars with a serious Iranian group and international investors," Machkevitch said last week at an event welcoming Israel’s President Shimon Peres to the country’s capital, Astana. "The project is huge, worth many billions of dollars, and there are banks ready to lend. It's in the field of energy transportation," he told the ‘Jerusalem Post’.
Though it is OPEC's second-largest producer of crude oil, Iran's energy sector suffers severely from the lack of investment in infrastructure and international sanctions targeting the country's nuclear weapons program. "We can only do this project, and many others, if we have the political support of the Iranian government and if sanctions are repealed," he said, adding that both would require the regime to "change its ways."
Read about the WJC's campaign to Stop the Iranian Threat
