Iran needs $50b investment in joint oil, gas fields: minister
TEHRAN – “In order to develop remained phases of South Pars and put West Karoun projects into operation, $50 billion investment is required”, the Shana news agency quoted Iran’s Oil Minister Bijan Namdar Zanganeh as saying on Wednesday. “Extraction from joint oil and gas fields is our first priority,” Zanganeh said. Iran plans to boost its crude oil production by 170,000 barrels per day (bpd) through putting North Azadegan and Yadavaran oilfields – two of the five oilfields Iran shares with Iraq - into operation. The target is to be ...
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