Iran News ...


4/28/07

Foreign investment in Iran's oil industry up by 9.1 percent last year

Tehran, April 28, IRNA - The amount of foreign investments made in Iran's oil industry showed a 9.1 percent growth in the last Iranian calendar year (ended March 19), it was reported here Saturday.

Over dlrs 14.2 billion worth of foreign investments was made in the oil industry in the said period with the National Iranian Oil Refining and Distribution Company (NIORDC) attracting most of the amount, said an special report on Iran oil industry.

It added that the NIORDC ranked first in attracting foreign investments in the said period with dlrs 951 million, showing a growth of 99.7 percent compared to the previous year.

Iran's oil industry consists of four major companies; the NIORDC, the National Gas Company (NIGC), the National Petrochemical Company (NPC) and the National Iranian Oil Company (NIOC).

During the said period, the report added, the NPC ranked second in attracting foreign investments with over dlrs 2.5 billion.

Meanwhile the amount of foreign investments made in the NIGC and NIOC respectively showed a five and 4.3 percent growth in the said period with the NIGC attracting more than dlrs 3.4 billion and the NIOC dlrs 7.2 billion.

The two companies respectively ranked third and fourth in attracting foreign investments in the said period, the report said.

... Payvand News - 4/28/07 ... --



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