[caption id="attachment_105556" align="alignright" width="185"] Iran's deputy petroleum minister Mansour Moazzami[/caption]

TEHRAN Feb 28(Shana)--Iran’s petroleum industry needs $30 billion in investment annually for its development projects, a deputy petroleum minister said.

“The petroleum industry needs $30 billion in investment ever year for preserving production and operating development projects of this industry,” Mansour Moazzami said.

“Reduced investment in the petroleum industry [in recent years] has delayed or called a halt to development projects,” he added.
Moazzami also said that Iran is expected to raise its gas production by 100 mcm/d next calendar year which starts on March 21.

By SHANA