Forty-eight oil projects worth $ 13 billion will be completed by the end of the year

Fars News Agency economic correspondent, Javad Oji, Minister of Oil, said today at the 26th International Exhibition of Oil, Gas, Refining and Petrochemical: “48 semi-finished large projects with an investment of more than 13 billion dollars will be completed by the end of this year.”

He also said that the implementation of 25 major oil projects with an investment of $ 30 billion will begin.

“Do not doubt that if investment in the oil industry is not done in time, we will definitely face a deficit in the production and consumption of energy in the country,” Oji said.

The Minister of Oil said: “In the 13th government, using the power of large oil and petrochemical holdings, banks and negotiations with reputable foreign companies, more than 50 contracts and memorandums worth $ 16.7 billion have been concluded.”

He stressed: “Iran’s oil exports have increased and the collection of oil revenues has jumped, so that all oil obligations in the budget of 1400 were fulfilled.”

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