Hurdles to cross before Iran delivers on its O&M promise
Among them is its hopes of FDI amounting to US$100b to fund US$130b of projects in next 3-5 years
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IRAN will give the beleaguered offshore & marine sector a much needed boost, if the country's US$130 billion upstream oil and gas investment plan materialises, even though there are hurdles yet to be crossed for foreign players looking to tap the potential of a resurgent oil and gas economy.
Iran aims to invest US$130 billion on 50-70 upstream oil and gas projects - onshore and offshore, shallow-water and deep-water - in the next 3-5 years, Synergy Offshore chief executive Fazel A Fazelboy told The Business Times.
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