Skip to content

Iran: $30 Billion in Oil Deals

Bloomberg reports that “Iran is targeting about $30 billion in investment by offering 70 oil and natural gas projects to international companies as the Persian Gulf country anticipates the lifting of economic sanctions.”  

“Iranian officials presented the projects at a two-day conference in Tehran as part of an effort to attract more than $100 billion to revive the energy and petrochemicals industries and generate much-needed government income. Oil Minister Bijan Namdar Zanganeh introduced them along with a new type of investor contract offering better incentives than the buy-back agreements Iran offered in the past. The work covers 52 production and 18 exploration projects, both onshore and in the Gulf and Caspian Sea.”

Recent Stories

Ways and Means votes to release more Hunter Biden documents

Menendez pleads not guilty, will face colleagues calling for ouster

Shutdown would not halt federal criminal cases against Trump in DC and Florida

Capitol Police inspector general to retire after less than a year on the job

House Republicans to call witnesses at first Biden impeachment probe hearing

Senate Banking advances cannabis banking bill