Posts Tagged “Iran oil industry investment plan”

Iranian oil industry needs $130 billion investment

Iranian oil industry needs $130 billion investment

Minister of Petroleum Bijan Zanganeh said on Tuesday that Iranian oil industry needs $130 billion investment to meet the Sixth Five-Year Economic Development Plan (2016-21) targets. Zanganeh told a televised interview, “We use different methods for financing and there is not the possibility for attraction of all the needed capital through contracts.” On the contract…

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Iran’s oil output rise to 4.5mn bpd

Iran’s oil output rise to 4.5mn bpd

Iranian oil minister has announced that the country’s crude production will rise to 4.5 million barrels per day (bpd) in the current Iranian calendar year (began March 20). Speaking at the second oil and energy congress in Tehran, Oil Minister Bijan Zanganeh described priorities of the industry in the post-JCPOA era adding “crude production capacity…

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