Iran plans to invest $ 200 billion in oil and gas sector of the country after the lifting of sanctions

Almaty. May 26. Silkroadnews - Iran announced plans to spend $200 billion to develop and upgrade oil and gas industry of the country in the next six years after the expected cancellation of international sanctions against Tehran. This was stated by Deputy Oil Minister Hussain Zamaniniya, informs the Iranian News Agency (IrTAG).
As stated the deputy minister, after the lifting of sanctions, Iran will become a "central area" of the planet in terms of investment attractiveness in the field of oil and gas.
H.Zamaniniya also expressed the hope that the international sanctions against the Islamic Republic will be eliminated within six months after the signing of a comprehensive agreement on the Iranian nuclear program between Iran and the "six" of international mediators (the five permanent UN Security Council members and Germany), which is expected to occur prior to June 30 this year.
In addition, he pointed to the large interest from major players in the global energy market in oil and gas projects in Iran. Thus, according to him, representatives of the Iranian Oil Ministry today held a series of meetings and talks with delegations from countries such as Germany, Italy, France, Austria and Brazil, during which discussed post sanctions presence of these companies in the oil and gas industry of Iran .
At the moment, Iran produces about 2.7 million barrels of oil per day, but, according to local experts, the country is able to increase the volume of extracted black gold by 1 million barrels a day, once the sanctions are lifted.