Arab Today, arab today iran mulling investment in oil gas industries
Last Updated : GMT 04:23:09
Arab Today, arab today
Arab Today, arab today

Iran mulling investment in oil, gas industries

Arab Today, arab today

Arab Today, arab today Iran mulling investment in oil, gas industries

Tehran - Fars

Iranian Deputy Oil Minister Mohsen Khojasteh-Mehr announced that the country needs to invest $48 billion to spur development of its oil and natural-gas industries.Development of the South Pars gas field, the world\'s largest deposit of the fuel, is a priority, and funds will be channeled there for as long as necessary, he said. Some $16 billion needs to be invested at the field, which Iran shares with Qatar, Khojasteh-Mehr said, without specifying a date. In 2009, Iran said that development of the remaining phases of South Pars required investment of $40 billion over 10 years. 

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