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Zangeneh: Foreign investment key vital for oil industry boom

Service : Politic
Tehran, July 12, ICANA– Oil industry as a pioneering sector could enjoy advantage of foreign investment, Petroleum Minister Bijan Zangeneh said, addressing Majlis (Parliament) open session.
Monday, July 17, 2017 4:00:00 PM

Touching upon the agreement inked with Total Company to develop phase 11 of South Pars gas field, he pointed to management and timing as important factors.

'We have to start the job somewhere and attract foreign investment so that the country commence a period of economic momentum,' said the minister.

In response to certain criticisms expressed by some parties against the deal with Total, Zangeneh said the contract has been approved by a seven-member committee.

Iran - Oil
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