130 Billions US Dollars of Oil Projects Underway in Iran
TEHRAN (ANA)- Iranian Oil Minister Javad Owji announced that the ministry is carrying out 300 oil projects worth $130 billion out of which 153 projects worth $34 billion became active in recent years.
Owji made the remarks at the signing ceremony of four new oil contracts, where he also said, “The total investment volume of these 4 contracts is $2 billion but it will generate $17 billion worth of revenues.”
“We are carrying out 300 oil projects worth $130 billion, and 153 projects worth $34 billion were put into operation in this government,” Owji added.
“During this administration, the second phase of the Abadan refinery with a capacity of 210,000 barrels was put into operation,” he added.
“At the beginning of the government, the volume of flare gas collection was 1.5 million cubic meters per day, but today this figure has increased to 11.5 million cubic meters,” the minister continued.
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