" /> " /> " />

Iran to spend $16bn on oil projects

07 June 2010

Iran plans to spend $16bn from the National Energy Fund on 31 oil projects in the current calendar year to end March 20, 2011, Mehr news agency has reported. Of the total, $13.6bn will be dedicated to oil projects while $2.4bn will go to refinery projects, the ministry said. "By using domestic resources we would pave the way for the presence of local firms in oil and gas projects, but at the same time we won't block attracting foreign resources," oil minister, Masoud Mirkazemi was quoted as saying.

A MEED Subscription...

Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.

Get Notifications