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Iran announces investment priorities in oil sector

Business Materials 5 January 2010 11:55 (UTC +04:00)

Three hundred and sixty two projects in the Iranian oil sector were announced as the top priorities for investment, the deputy oil minister stated.

Ebrahim Rad-Afzoon told the Mehr News Agency that the projects are valued at 2.435 trillion rials (around $245 million) among which the development of oil and gas field are of higher priority.

The official referred to the development of the South Pars gas field''s phases 12 and 15-18, the development of Hengam, Resalat, Forouzan, Zara, Changouleh, Darkhoin and Kish, and gas sweetening at the South Pars phases 6 to 8 as some of the most important projects.

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