A senior Iranian government official has claimed Tehran has already successfully negotiated more than $2 billion worth of trade deals with European companies, following last week’s deal over its nuclear program.

Iran’s Minister of Industry, Mines and Trade Mohammad Reza Nematzadeh said the Islamic Republic would likely concentrate on its oil and gas, materials and vehicle companies through use of an vision to effectively exporting to actually Europe after sanctions have also been elevated, instead of just basically uploading Western technologies.

Iran also offers the EU to supply liquefied natural gas when and if it starts producing enough gas.

At the moment, Turkey is Iran’s only European gas client.

Austrian President Heinz Fischer will in September make the first visit to Iran by a European head of state since 2004, his office said Thursday.

“We are no longer interested in a unidirectional importation of goods and machinery from Europe”.

“We are recently witnessing the return of European investors to the country”.

“Oil companies may be quite cautious for some while to come”, he said.

The long-awaited nuclear deal has cleared a path to lift sanctions that have crippled Iran s economy, and should re-open channels for foreign investment in oil and gas-rich Iran.

Most European oil majors and oil service companies have so far expressed caution about the prospects of a windfall of deals in Iran, saying their compliance departments will want to first see sanctions being fully removed before any meaningful work can start on projects.

“Think of Iran not only as a market but as a regional platform for joint production and joint technical cooperation”, he said.

Trade between Iran and the EU amounted to 7.6 billion euros last year, 42% less than in 2012, the year in which the EU imposed severe oil and banking embargoes.

Akbar Komijani, the deputy governor of Iran’s central bank, said in Vienna that most of the money would remain in overseas accounts and would be used to finance investments.