11 May 2025
Wednesday 29 April 2015 - 12:01
Story Code : 162706

Iran needs foreign investment for oil fields

TEHRAN April 29(Shana)--Iran needs to attract foreign investment to develop ageing oil fields, a top official has said.

�The country�s domestic resources are not enough for renovation and rebuilding oil fields,� Gholam-Reza Manouchehri, managing-director of Iranian Offshore Engineering and Construction (IOEC), said.

�The installations of these fields could be renovated only by foreign investment,� he added.
Manouchehri said Iran Petroleum Contract, the new model to replace buyback as oil contract model, should be attractive enough for foreign investors.

By SHANA
https://theiranproject.com/vdcbg5b80rhb0zp.4eur.html
Your Name
Your Email Address