Iran to invest $40 billion in oil industry by March 2013: minister
Iranian Oil Minister Rostam Qasemi has said up to $40 billion will be invested in the domestic oil sector by the end of the current Iranian calendar year (March 20, 2013), the Shana news agency reported.
Last year, $30 billion was invested in the oil sector, Qasemi said, adding that the figure was just $13-15 billion in the year to March 2011.
The country's daily oil output should reach 5.5 million barrels and daily gas output should amount to 1.4 billion cubic meters by 2015, he said.
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