Iranian banks allot $1.2 billion to five gas field development plans
Azerbaijan, Baku, Jul.17/ Trend F.Milad/
Iranian banks have allocated 15 trillion rials (some $1.2 billion) to the development of five gas fields, the managing director of National Iranian Central Oilfields Company stated.
Mahdi Fakour told the Shana News Agency that the Central Bank has issued the permission for using the domestic banking system's resources for financing the oil industry projects.
The National Iranian Oil Company's managing director Ahmad Qalebani has said that the country's daily oil and gas outputs should amount to five million barrels and 1.47 billion cubic meters by 2015.
Oil Minister Rostam Qasemi said in August 2011 that the Iranian government should consider plans for the development of joint oilfields.
The government should increase the budgets for the development of joint oilfields, Qasemi added. "The oil industry's infrastructure needs more than 500 trillion rials (about $41 billion) of investment to achieve objectives of the 20-Year Outlook Plan," Qasemi was quoted