Tehran, Dec 23, IRNA - Industries Development and Renovation Organization (IDRO) will invest more than dlrs 150 billion in oil, gas and petrochemical sectors during the next ten years.
Announcing this, Deputy Minister of Industries and Mines and head of IDRO, Ahmad Qalebani told IRNA on Tuesday that some dlrs 50 billion will be spent on upstream oil industry (offshore and onshore), dlrs 50 billion on upstream gas industry and gas processing installations, dlrs 20 billion on optimizing refineries and dlrs 30 billion on petrochemical sector.
Stating that IDRO has necessary capabilities to implement great projects in the country, he noted that it has proven its ability to undertake infrastructural projects in an economical way based on buyback, BOO and BOT schemes.
Commenting on the projects implemented by the organization, Qalebani said one of these projects was Phase One Refinery of South Pars gas fields which was completed in cooperation with Daelim from South Korea on the basis of 50-50 sharing in 2003.
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