Iranian oil investment falling far short of requirements

摘要

Iran has attracted around $8 billion in foreign investment into its oil and gas industry in the current calendar year ending March 20, according to comments made by Seifollah Jashnsaz, managing director of the National Iranian Oil Company and reported by official news agency IRNA. $8 billion is just a fraction of the OPEC state's investment needs. Iran's access to foreign financial markets has been hampered by international sanctions imposed over its nuclear program, while the oil-exporting state lacks the domestic financial resources to fund its ambitious upstream and downstream program.