Iran needs big investments in the energy sector, says expert

Almaty. September 1. Silkroadnews - In order to become a major player on the world energy market, Iran needs major foreign investment. This was stated by the independent expert consultant in the energy sector Vesa Ahoniemi, reports Trend.
"Iran will need large investments, in particular for the development of its own pipeline network", - said V.Ahoniemi.
But until the sanctions are lifted, no funding from outside should be expected, the expert said. According to him, after the lifting of sanctions, a large flow of foreign investments will be aimed precisely in the oil sector of the country.
As expected, the sanctions imposed against Iran, will be lifted by the end of the current fiscal year.
Earlier, the Iranian authorities have stated that if the sanctions are lifted, the country will be able to double oil exports - from the current 1.2 million barrels to 2.3 million barrels per day.
According to the report of the British research and consulting company Capital Economics, Iran can quickly enough reach the level of "before sanctions" level of oil production to 4 million barrels per day.
According to the report received by Trend, Iran will be able to restore production within 6-12 months, however, it will take a considerable time for the restoration of the old infrastructure.