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Investments being made within various projects of Iranian Oil Ministry

Oil&Gas Materials 6 July 2022 12:50 (UTC +04:00)
Investments being made within various projects of Iranian Oil Ministry
Elnur Baghishov
Elnur Baghishov
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BAKU, Azerbaijan, July 6. The current Iranian government (has been power since August 2021) has decided to invest more than $20 billion in various projects of the Iranian Oil Ministry, Iranian Oil Minister Javad Owji told reporters after a meeting of Cabinet of Iran, Trend reports citing IRNA.

“Of this, $14.5 billion will be invested by Iranian Oil Ministry, partly through bank loans, partly through foreign investments,” Owji said.

The minister also noted that the Iranian Oil Ministry has prepared 20 important projects on oil and gas production, energy security of the country, general exports, reduction of crude oil exports.

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