Iran’s petroleum ministry plans to attract $200 billion capital for investment in its projects, a report said.

“We will need over $200 billion investment in our development projects, mainly in the oil sector, within the next five years,” Afkham Zarvani, a senior official with the Ministry of Petroleum was quoted as saying in a report published by Irna, Iran’s official news agency.

“At present, there are 67 petrochemical projects across the country, 37 of which are prioritized,” he added.

The gas sector, including pipelines and refinery reservoirs, will also need some $25 billion investment, Zarvani said, noting that attracting $200 billion in five years was within the reach.