IOOC to receive $20b investment

TEHRAN April 08(Shana)–Iranian Offshore Oil Company (IOOC) expects to attract between $15 billion and $20 billion in investment in the current calendar year which started on March 21, IOOC manager said.

Saeed Hafezi said reparation of 40 wells and drilling of 15 wells are to be put to tender on EPDF basis. He said that Iranian contractors can bid for them.
He expressed hope that the long-awaited removal of sanctions against Iran would facilitate attraction of foreign investment.

Iran and six world powers hope to reach a final nuclear deal in June for lifting the sanctions imposed on the Islamic Republic.

By SHANA