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Banking / Investment in Iran

  • Iran's oil sector enjoys greater chance to absorb foreign investment

    IRAN, 2015/07/31 A senior energy expert believes that despite a huge decrease in world upstream oil and gas sectors, Iran has a better luck of absorbing foreign investments than other oil producers. Iran has announced that $185 billion investment is needed in its upstream oil and gas sector, inclunding $70 billion in petrochemical and $200 billion in optimizing energy consumer sectors to halve its energy intensity, which is two times additional than world averages. This is while, according to OPEC's estimation, OPEC would need to invest an average of close to $40 billion annually in the remaining years of this decade. This figure was $120 billion in 2014 or three times additional than the annual investment all. However, according to Wood Mackenzie's estimations, the plunge in oil price since last summer caused the suspension of 46 large oil and gas projects. The worth of suspended projects in 2015 is estimated to reach about $200 billion.

  • Western companies eyeing investments in Iranian market

    IRAN, 2015/04/24 Western companies are one next the other engaged in talks with Iran to resume their delayed activities or make new investments in the Islamic Republic. Local media quote Iranian deputy petroleum minister as reportedly saying that American and European companies seek to invest in Iran’s petrochemical industries. Abbas She’ri Moqaddam said companies from Germany, the Netherlands and Italy are by presently in talks with Iran and seek to re-invest in the Iranian market, should all anti-Iran sanctions leveled against the country over its nuclear program be lifted, Shana news agency reported.

  • Russian companies seek to finance Iran's energy projects

    IRAN, 2015/01/07 Russian firms have reportedly declared their readiness to finance Iran's oil and gas projects. Asghar Soheilipour, the chief of Investment Committee of National Iranian Gas Company, said that since Russians have halted several projects in eastern Europe and Syria due to different reasons, they are willing to finance Iranian projects, IRNA News agency reported on Jan. 5. "One company even proposed to inject $2 billion instantly," he said. According to the official, a Russian company has financed a $700-million pipeline project from southern city of Iranshahr to southeastern city of Chabahar.
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