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Photo: Iran's oil sector has greater chance to absorb foreign investment- director of SBI Markets | Oil&Gas
31 July 2015, 10:02

Iran's oil sector has greater chance to absorb foreign investment- director of SBI Markets

A senior energy expert believes that despite a huge decrease in global upstream oil and gas sectors, Iran has a better chance of absorbing foreign investments than other oil producers. Iran has announced that $185 billion investment is needed in its upstream oil and gas sector, as well as $70 billion in petrochemical and $200 billion in optimizing energy consumer sectors to halve its energy intensity, which is two times more than global averages. This is while, according to OPEC's estimation,...