$15 Bln investments in Iran IOOC projects

Directorate of Corporate Planning at National Iranian Oil Co. (NIOC) is looking to obtain permission for a $ 15 Bln investment in development projects of Iranian Offshore Oil Company (IOOC) from Supreme Council of Economics, reported the news agency of Iran oil ministry.

The above-said development projects included development projects of Tusan and Alfa oilfields, development project of Forouz gas field, development projects of Farzad A & B gas fields as well as some other development projects of IOOC in the Persian Gulf.

According to the Directorate of Corporate Planning at NIOC, the value of total investment of these projects – either buyback, finance or internal resources- is over $15 Bln.

Earlier, this directorate was looking to obtain permission for a $25 Bln investment in development projects of Petroleum Engineering & Development Company (PEDEC).

By Iran Oil Gas 

 

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