Investments projects worth 20 billion dollar to get operational soon; Zangeneh

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News code : ۴۷۳۶۰۲

Iran Oil Minister, announced that in near future, huge investment projects are going to get operational.

Iran’s Oil Minister, "Bijan Namdar Zangeneh", on the sideline of a visit to South Pars project, announced the implementation and opening of investments projects, valued up to 20 billion dollar, in the near future.

"The plans include new phases, petrochemical complexes and recovering and extracting from South Pars oil layer. This year, the great leap and historical revolution in oil industry will happen" he underlined.

Zangeneh also added that the phases of 12, 15, 16, 17, 18, 20, 21 and 19 were among the oil ministry’s priorities for development and all of them have become operationalized, so far.

According to Oil Minister, despite reduction in gas import in comparison with preceding years, through implementation of these new phases, Iran was able to overcome the winter cold.

The top Iranian oil official at the end noted that his ministry was able to achieve its objectives in implementing resilience economy policies and could accomplish its goals in production, gas distribution and domestic manufacturing.

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