VOL. XXXVII

NO.4

25-OCTOBER-1993

Iran

Iran To Invest$2Bn In Oil And Gas This Year, Says Aghazadeh

Iranian OilMinister Gholamreza Aghazadeh said on 21 October that Iran intended to investIR3.2 trillion ($2.02bn) in its oil and gas sectors during the current Iranianyear (21 March 1993 to 20 March 1994). Mr. Aghazadeh said IR2.5 trillion($1.58bn) would be invested in the oil sector, and IR700bn ($442mn) would bechanneled into the gas sector.