Iran plans to invest $38 billion in gas industry by the end of the country’s Fifth National Development Plan (2010-2015), Managing director of the National Iranian Gas Company (NIGC), Mr. Owji (image) announced.
According to the report of the public relations of the NIGC, he said that the National Iranian Gas Company aims to increase volume of gas injection to oil fields and reduce low production capacity while reserving gas in the oil fields.
He went on to say that, Iran will open 140 million euro LC credit and 190 million euro credit as well by Bank Saderat to construct Bid Boland II Gas Refinery.
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Source: NIGC, June 20, 2011;