05:31 GMT +317 November 2019
Listen Live
    In this Dec. 22, 2014 file photo, an Iranian oil worker makes his way through Tehran's oil refinery south of the capital Tehran, Iran.

    Iran's Economy Ready to Accept Up to $100Bln Annual Foreign Investments

    © AP Photo / Vahid Salemi, File
    Business
    Get short URL
    0 94
    Subscribe

    According to the adviser to the president of the Organization for Investment Economic and Technical Assistance of Iran, Iran's annual capacity to accept foreign investments stands at $100 billion.

    MOSCOW (Sputnik) Iran's annual capacity to accept foreign investments stands at $100 billion, the adviser to the president of the Organization for Investment Economic and Technical Assistance of Iran at the Ministry of Economic Affairs and Finance told Sputnik on Wednesday.

    "We have predicted up to $100 billion a year capacity just to accept foreign investments. The potential is huge," Kourosh Taherfar said.

    On Tuesday, Iranian Petroleum Minister Bijan Zangeneh said the Iranian oil industry alone needed about $200 billion in investments.

    The International Atomic Energy Agency's positive assessment of Tehran's compliance with the terms of the nuclear deal mediated by six world powers in mid-January led to the immediate lifting of UN and EU sanctions, as well as partial sanctions relief by the United States, opening the way for Iran's return to the global energy market.

    Related:

    Iran Needs $200Bln Investments in Oil Industry Development - Official
    Sabotage: Iran Investigates Foreign Involvement in Saudi Embassy Attack
    Iran Interested in Investing in Russian Economy, Research and Development
    Tags:
    Oil, investments, Bijan Zangeneh, Iran
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik