11 Jul 2016 – Iran expecting revenue influx from oil

The Iranian government expects to bring in at least $40 billion in investments per year to an opening oil industry, a deputy trade official said. According to Deputy Petroleum Minister for International Affairs and Trading Amir Hossein Zamaninia, Iran expects to see signatures on the first new post-sanctions oil contracts within the next three months. Characterising the current status of the oil industry as satisfactory, the minister said Iran expects to bring in significant revenue from oil once new contracts unfold. Read more…