Azerbaijan, Baku, Nov.12 / Trend F.Milad/
The National Iranian Oil Company needs over $35 billion to finance national oil projects next Iranian calendar year which starts on March 21, 2012, the NIOC managing director stated.
NIOC has negotiated with the Majlis to secure the budget by different ways, such as issuing bonds, Ahmad Qalebani told Shana news agency.
"Taking into account the forecasts of the fifth plan [2010-2015], we have a $100 billion investment deficit," oil minister Rostam Qasemi was quoted by ISNA news agency as saying. "We have given our plan to the Parliament and the government regarding this issue. We welcome any group that is ready to make oil investments."
He also said that gas production capacity will reach 1.47 billion cubic meters per day at the end of the fifth development plan. Qasemi put the country's current gas output at 630 to 650 million cubic meters per day.