Details of the 80 billion dollar investment in 20 oil and gas megaprojects
Mohammad Javad Danesh, the deputy of domestic investment of the National Development Fund, in an interview with an economic reporter Iran is an economiststating that the National Development Fund’s investment permit was issued in domestic economic projects a few months ago, he said: All the oil companies in the world are investors and the National Development Fund as an investor intends to invest in these projects.
A member of the National Development Fund’s Executive Board, in response to the ambiguity that the Ministry of Oil should use a part of the 14.5% share of oil and gas exports for the development of oil and gas fields, said: What is the Ministry of Oil’s share of the country’s oil exports used for? That complex itself must be accountable and this matter has nothing to do with the National Development Fund as an investor.
Details of the $80 billion investment in 20 mega oil and gas projects
He added: 20 oil and gas projects are on the agenda, the investment value of which is about 80 billion dollars in a 10-year return, and investments in mines are also on the agenda, although these numbers have nothing to do with mines.
In response to the question whether it is possible to realize such a heavy investment for the National Development Fund, Danesh said: When we enter into an investment package of 80 billion dollars, we do not need to have 80 billion dollars now, but We adjust the financial models in such a way that we can reach 80 billion dollars with the existing resources and the forecast that we have from the future resources.
The National Development Fund has provided an average of 100 million dollars in facilities for each project it has given to the private sector, but the projects in which we intend to enter as investors are billions of dollars, in fact, the projects that the sector The private sector cannot afford to invest in it, we enter. Of course, the National Development Fund enters only as an investor, and the entire operational process from exploration to sales is carried out by the private or public sector under the Ministry of Oil.
The possibility of receiving products for foreign currency investment of the National Development Fund in oil fields
In response to the question that the National Development Fund may receive oil (product) instead of rials for the investment it makes, the member of Hit, the National Development Fund, said: It is explained in the oil contracts that in exchange for the investment, Cash or product (oil and gas) should be received, which naturally our priority is to receive Riyal-foreign currency. Also, our preference is that if it is decided to receive the oil and gas product, it is not our responsibility to sell it, in fact, it is possible to reach such an issue.
Development of 12 gas fields in the south of Zagros with the foreign currency investment of the National Development Fund
In the end, regarding the country’s concerns regarding gas imbalance, Danesh said: One of the 20 major projects on the agenda is the development of 12 gas fields in the south of Zagros, in all 12 fields, the National Development Fund is the main source of supply. Mali has signed a memorandum of understanding with the oil company and exploration and development companies.
These 12 gas fields are divided between four implementing companies, for example, we have agreed on a block of three fields with one company, and we, as investors, do an important part of its financing.
According to the report, South Zagros region is one of the largest gas-producing regions in the country with numerous gas fields, which will become a competitor of South Pars in gas production in the coming years. South Zagros region, with a production capacity of more than 220 million cubic meters of gas per day, supplies more than 30% of the country’s gas equivalent to 9 phases of South Pars; While the exploitation of all the gas fields in this region has not started and even the exploration projects have not been completed.