Iran predicts US$260 billion investment in the gas industry
Iran's Deputy Oil Minister Reza Kasaeizadeh said on Saturday that US$260 billion investment has been predicted in the gas industry in the 20-Year Development Vision Plan (2005-2025).
Kasaeizadeh, who is also the Managing Director of National Iranian Gas Company, added that the figure features US$120 billion investment in downstream industries and a US$140 billion in upstream industries. According to IRNA, he said currently 24,000 kilometers high-pressure pipelines distribute gas across the country.
Kasaeizadeh noted that it has been planned to invest US$5.8 billion in gas industry for the next Iranian year (to start on March 21, 2007).