British oil giant BP will open an office in Iran this summer, Gazeta reported quoting The Wall Street Journal.

According to Rokneddin Javadi, chairman of the National Iranian Oil Company, BP  is seeking ways to transfer technology and capital to Iran. The British company declined to comment on the issue.

WSJ noted that BP’s CEO Bob Dudley has been previously cautious on investing in the country.   Speaking earlier this year, he said his company would choose opportunities carefully.

Other Western oil companies that have made moves to return to Iran include Austria’s OMV and France’s Total SA.