Iran will soon launch 32 oil industry projects worth a total investment of $4.6 billion, Iranian Petroleum Minister Jawad Owji said on Wednesday. Iran has also begun work on 50 new oil projects worth a total of over $50 billion, Iranian media quoted Owji as saying. Since 2021, Iran has boosted its oil production by 60%, the oil minister said earlier in May.
In the latest Iranian calendar year to March 19, 2024, the Islamic Republic boosted its oil and gas production by 20% compared to the previous Iranian year, Owji added. Iran has signed…Iran to Launch $4.6 Billion Worth of Oil Projects
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