Iran Looks To Attract $145 Billion In Oil Investment

Iran is drafting plans to attract as much $145 billion domestic and foreign investments in its oil industry over the next eight years, Iranian Oil Minister Javad Owji said on Tuesday.  “We plan to invest $145 billion in the development of the upstream and downstream oil industry over the next four to eight years, hence I welcome the presence of domestic and foreign investors in the industry,” Owji, the new oil minister, said during a meeting with executives from China’s oil giant Sinopec, as carried by the Iranian oil ministry’s…