Young Journalists Club | Latest news of Iran and world

News ID: 5695
Iran » Iran
Publish Date: 17:33 - 08 December 2014
Tehran, YJC. The Iranian Oil Ministry plans to introduce new oil contracts at USD 40 billion to foreign investors.

The offers are to be presented in an upcoming international conference in the London, England; a senior Iranian energy official said.

"Over 40 major oil industry projects and plans have been made ready in order to be introduced at the London conference, which is going to be held in March, 2015,” deputy director for Combined Planning at the National Iranian Oil Company (NIOC) Moshtaq-Ali Gohari said on Monday.

The Oil Ministry official maintained that the projects, including those in the upstream, exploration and development sectors, are expected to draw more than $40 billion in foreign investment.

Gohari’s statemments come as many business delegations from various countries have visited Iran in recent months to evaluate investment opportunities.

World oil giants have also announced ready to return to Iran following the West’s easing of sanctions against the country in light of the implementation of Iran’s nuclear Joint Plan of Action with the six world powers.

According to Iranian officials, Royal Dutch Shell, Spain’s Repsol, British Petroleum (BP), Italy’s Eni, France’s Total, and Russia’s Lukoil have shown willingness for investment in Iran.

oil ، iran ، shell ، eni ، lukoil
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