A top oil official in Iran has said that if new investments are not made in natural gas industry, the country will become a net importer in the next few years.
Iranian Labour News Agency
A top oil official in Iran has said that if new investments are not made in natural gas industry, the country will become a net importer in the next few years.
Syrian President Bashar al-Assad said on Saturday the main impediment to investment in the country was money stuck in ailing Lebanese banks.
A total of $28.5 billion foreign investment has been poured into Iran’s projects during the first 100 days of Pres. Rouhani’s second term, Director General for Economic and Financial Affairs of Qazvin province said Saturday.
Iran has devised worth $30 billion plans for developing its power infrastructure in the following five years, which include building power plants, repairing and upgrading current ones, as well as developing and making the power grid smart, Iranian Minister of Energy Hamid Chitchian said.
The lifting of most financial and economic sanctions against Iran in January 2016 has caused a wave of investment flowing into the country as international organisations look to benefit from one of the fastest growing economies in the Middle East.
A senior energy official said here on Saturday that Japan is seeking to invest $10 billion in different economic sectors in Iran.
Dana Energy Company, an Iranian private energy firm, has launched a project for drilling several off-shore wells in the phases 17 and 18 in the South Pars Gas Field.
Iran eyes projects to construct 5,000 km-long gas-pipelines across the country over the next five years, an Iranian gas official said.