Mehdi Sadeghi Shahdani, Professor Of economics and Head of Oil and Energy Think Tank at Imam Sadiq (A.S.) University in Tehran, made the remarks in the opening ceremony of think tank.
Iran’s oil minister said Monday that output at many oil wells has fallen from 50,000 barrels p/d to 1,000 and local expertise should help restore production.
Iran’s monthly lucrum cessans (an actual loss) because of delaying the implementation of new oil and gas contracts, called Iran Petroleum contract, reached $4 billion, Mehdi Hosseini, head of Iranian Ministry of Petroleum’s Oil Contracts Revision Committee said.
