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About $20 billion invested in oil and gas industry of Iran: Iranian official

Oil&Gas Materials 14 January 2010 15:58 (UTC +04:00)

Azerbaijan, Baku, Jan. 14 / Trend /

About $ 20 billion were invested in the oil and gas industry of Iran during the past nine months (a year ends in March in Iran), Iran's Deputy Oil Minister Hossein Nogrekar-Shiraziwas quoted as saying by the Irna news agency. The figure is projected to reach $ 30 billion in March, he added.

According to him, the government and the private sector (local and foreign companies) in the oil and gas industry of Iran invested $66 billion in the past four years.

The country's oil and gas field (including foreign and local companies) is expected to be invested about $30-$35 billion in a year, he added.

Currently, the country produces 600 million cubic meters of gas per day and four million barrels of oil per day. Iran's gasoline production reaches 44 million liters per day, he said.

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