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Iran eyes investing $145 billion in oil industry

Headlines 13:47 23 Sep, 2021

Speaking in a meeting with Zhong Guidong, President of Sinopec Iran Branch, Iranian Minister of Petroleum Javad Owji announced plans to attract $145 billion in the oil industry

Iran eyes investing $145 billion in oil industry

Speaking in a meeting with Zhong Guidong, President of Sinopec Iran Branch, Iranian Minister of Petroleum Javad Owji announced plans to attract $145 billion in the oil industry.

"We plan to invest $145 billion in the development of the upstream and downstream oil industry over the next four to eight years, hence I welcome the presence of domestic and foreign investors in the industry," he said.