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Iran looks for $200bn oil investment

04 April 2010

Iran's oil minister has said that the country is seeking $200bn in oil, gas and refining investments over five years to avoid a production decline, Iran Daily has reported. Masoud Mirkazemi said that given the depletion of existing oil and gas fields, the investments will "introduce a degree, a percentage of efficiency." 'For the next five years, we are...planning seriously for investment of upstream and downstream of $200bn investment ," the minister said.

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