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Iran gas sector to attract $90b by 2025

Fri, 2 November 2007

THE Managing Director of the National Iranian Gas Co said in mid-October that up to $90 billion will be invested in Iran’s gas industry by 2025. It is predicted that a total of $130 billion will be invested in various energy-related projects in the country and, given the importance of the gas sector, the bulk of the investment is expected to be made in this sector, Reza Kasaei-Zadeh said. “According to the country’s 20-year vision document, a total of 53,000km of gas pipelines are to be laid,” he added.

Mr Kasaei-Zadeh pointed out that although a lot has been done by his colleagues in the NIGC, more efforts are needed to keep pace with the goals set out in the 20-Year Vision document. "We need to increase the country's gas output by 30 million cum/yr, which is the equivalent of the output from one phase of the South Pars project," he noted.

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Categories: Middle East, Projects

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