Iran urges foreign firms to return to oil sector - Israel News, Ynetnews

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Iran urges foreign firms to return to oil sector

Published: 02.04.14, 19:12 / Israel News

Iran urged foreign companies to return to its oil sector Tuesday as a major French business delegation visited Tehran in the hope Western sanctions may soon be lifted.


In a speech to the delegation, Deputy Oil Minister Ali Majedi said Iran's latest five-year plan, running from 2010-2015, calls for $230 billion of investment in its petroleum industry, of which $150 billion would go to upstream activities, according to the state-run IRNA news agency. (AFP)


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