'With current oil prices, Iran is a haven for investors'
TEHRAN – Saeid Khoshrou, director of international affairs at the National Iranian Oil Company (NIOC), said with oil prices near $60 per barrel Iran would be a great place for oil investment. In an interview with CNBC on Tuesday, the official said that currently, Iran's cost of production on average is around $10 per barrel and considering the ratio between Iran's oil reserves and production capacity the country is a good prospect for investors. "If you take a look at the reserve and the production ... this ratio itself gives the signal ...
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