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Iran’s top priority .. large-scale investment in oil, gas and
petrochemicals projects

Tehran planning energy deals worth $100bn

, September 7, 2015

Tehran is lining up energy deals worth $100 billion which it wants to sign, following the lifting of international sanctions, according to a new report.

The recently released ‘Opportunity Iran 2015’ report, by Middle East business intelligence service MEED, highlights that large-scale investment in oil, gas and petrochemicals projects will be Iran’s top priority once international economic sanctions are lifted.

The lifting of sanctions on Iran is one of the most significant changes to the regional business landscape in the region and it offers major opportunities for Iranian and international businesses, said the report.

Iran has the fourth-largest oil reserves and the biggest gas reserves in the world, but years of isolation from the global market has left its hydrocarbons sector in need of revival and modernization, it added.

Investment in Iranian projects is expected to surge once the removal of international sanctions opens the major Middle East economy for business, stated the report.

The country’s petrochemicals sector is set to benefit from a wealth of cheap feedstock as Iran starts up new phases of its offshore South Pars gas development in the Gulf, it added. – TradeArabia News Service




Tags: Tehran | energy deals |

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