Iran Economy NewsIran oil minister voices concern about investment

Iran oil minister voices concern about investment

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Reuters: Iran’s oil minister voiced concerns on Monday about investment in the energy sector, saying the country’s ability to export crude would be put at risk without it, the semi-official Mehr news agency reported.

TEHRAN, April 18 (Reuters) – Iran’s oil minister voiced concerns on Monday about investment in the energy sector, saying the country’s ability to export crude would be put at risk without it, the semi-official Mehr news agency reported.

“If no investment is made in Iran’s oil and gas industry, considering that our reservoirs are in the second half of their lives, then there would definitely be concerns for the continuing production and export of Iran’s crude,” Massoud Mirkazemi said during a meeting at an oil and gas fair in Tehran, Mehr reported.

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