Iranian oil and gas industry needs $25bn investment

11 May 2010

Iran's oil minister, Massoud Mirkazemi has said the country's oil and gas industry needs $25bn in investment, adding that Iran could turn into an importer of oil because of the lack of such funds, Reuters has reported. Iran is one of the world's biggest oil and gas producer but the industry has been hit by US and UN sanctions recently.

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