Iran Economy NewsIran to soon issue tenders for 21 oil, gas...

Iran to soon issue tenders for 21 oil, gas projects, Fars says

-

Bloomberg: Iran plans to soon start issuing tenders for 21 oil and gas fields to domestic and foreign investors, Fars reported, citing Oil Minister Rostam Qasemi.

Bloomberg

By Ladane Nasseri

Iran plans to soon start issuing tenders for 21 oil and gas fields to domestic and foreign investors, Fars reported, citing Oil Minister Rostam Qasemi.

The state-run news agency didn’t identify any of the projects or provide a schedule

Sanctions over Iran’s nuclear program have discouraged international companies from pursuing energy projects in the Persian Gulf country, restricting Iran’s access to technology and foreign investment.

Iran needs to invest as much as $50 billion a year in its oil industry to maintain its position as OPEC’s second-largest crude exporter and boost natural gas production, Oil Minister Rostam Qasemi said Nov. 23. Iran needs to increase its output to 5.1 million barrels a day from 3.9 million barrels by 2015, Qasemi said.

Latest news

To Stay in Power, Iran’s Regime Liquidates National Assets

For several decades, Iranian regime supreme leader Ali Khamenei has sold Iran's resources and wealth for the survival of...

Iran’s 2023 Budget Shrouded In Doubt

On January 22, the Majlis (parliament) approved the draft of the 2023 budget bill proposed by regime president Ebrahim...

Iran: People of Khoy Still Reeling From 5.9-Magnitude Earthquake

An earthquake with a magnitude of 5.9 struck northwest Iran on Saturday, killing at least three people and injuring...

Iran’s Unsolvable Air Pollution Problem

Air pollution will remain at dangerous levels and will increase for the next few days in most big cities,...

The World Must Acknowledge the Iranian People’s Right to Self-defense

Victor Hugo once said: “When dictatorship is a fact, revolution becomes a right.” Throughout history, this has been the...

Iran: 60% Of Population Is Poor

The livelihood baskets of the Iranian people are shrinking dramatically. This, in turn, has introduced new concerns to protect...

Must read

Iran to test 2,000-pound bomb, defense minister says

Bloomberg: Iran will test a precision-guided, 2,000-pound (907-kilogram) bomb...

Analysts: Iran conflict less likely now

UPI: A military faceoff with Iran is less likely...

You might also likeRELATED
Recommended to you