Iran's deputy petroleum minister Mansour Moazzami[/caption]TEHRAN Feb 28(Shana)--Irans 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
