13 April 2025 - 13:50
  • News ID: 656729
ICOFC says investment opportunities worth $9b up for grab

SHANA (Tehran) – The CEO of the Iranian Central Oil Fields Company (ICOFC) said the company has prepared 11 investment packages worth approximately $9 billion to develop gas fields. Once operational, these projects will increase the country's daily gas production capacity by 100 to 140 million cubic meters.

Peyman Imani emphasized the importance of the "Transformation in Investment and Development in Iran's Oil and Gas Upstream" event, stating that the Central Oil Regions Company has defined around $9 billion in oil and gas projects for investors. Some of these projects involve developing oil fields already underway, while about half are allocated to gas field development.

Highlighting the significance of investment in gas production, Imani said that based on projections, implementing these investment packages will boost Iran's daily gas output by 100 to 140 million cubic meters.

The CEO expressed hope that investors, in collaboration with the National Iranian Oil Company, will play a major role in achieving this year's objectives.

The "Transformation in Investment and Development in Iran's Oil and Gas Upstream" event will be held Tuesday, April 22, at the Summit Conference Hall, with political and economic officials as well as oil and gas industry leaders in attendance.

News ID 656729

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