Oil, gas, petchem sectors require $200b investment: Zanganeh

April 25, 2018 - 2:11

TEHRAN- Oil, gas and petrochemical sectors as the driver of Iran’s economy require $200 billion of investments for development in the coming years, Oil Minister Bijan Namdar Zanganeh said on Tuesday.

Speaking in a session of Majlis (Iranian parliament), the minister said if such investment is made in these sectors, national economy will witness a real change, IRNA reported.

Saying that Iran’s Sixth Five-Year National Development Plan (2016-2021) emphasized development of joint oil and gas fields, Zanganeh also said that the sixth plan has envisaged increasing oil output by 2 million barrels per day (bpd) to 4.8 million bpd which requires investment.

MA

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