Global spending on Iran's oil to reach USD30b


(MENAFN) Iran's burst of oil agreements with top global companies recently are well expected to hit a whopping USD30 billion, according to the latest data.

Additionally, Iranian officials stress on the fact that the new oil deals are drawn on win-win terms in view of the stiff competition for the development of oilfields.

In the wake of nuclear deal reached last July, Iran has been receiving high-ranking officials and corporate executives of top companies including Germany and Spain.

Iran doesn't rest when it comes to attracting foreign investment in its energy industry, but emphasizes the need for tech transfer under the new contracts.


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