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13 European, Asian firms ready to invest in Iran gas projects

Source: Tehran Times

Thirteen European and Asian companies have announced they are ready to invest in Iranian gas projects, according to National Iranian Gas Company official Asghar Soheilipour.

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Four British and French companies, three Japanese companies, two South Korean companies, and four Chinese companies, as well as four Iranian companies, are prepared to invest a total of $15 billion in Iranian gas projects, the ISNA news agency quoted Soheilipour as saying on Sunday.

The companies are active in the production of pipelines, the construction of refineries, and the establishment of pressure boosting stations, he added.

Iran has the world's biggest reserves of natural gas, with an estimated 1.193 quadrillion cubic feet of gas reserves, and the world's fourth-biggest reserves of oil, with 157 billion barrels, according to the BP Statistical Review of World Energy, which was published in June 2014.

One of the striking developments in Iran in recent months has been the large external capital inflows, mostly in the form of foreign direct investment, thanks largely to its initial progress in macroeconomic stabilization, improved investment regime, and progress in nuclear negotiations with the 5+1 group (Russia, China, the United States, France, Britain, and Germany).

... Payvand News - 08/18/14 ... --

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