Middle East Economic Survey
VOL. LIII
No 9
01-March-2010
IRAN
NIOCs Annual Investment Requirement Estimated At $24-30Bn
National Iranian Oil Company (NIOC) Managing Director Seifollah Jashnsaz told reporters in Tehran on 21 February that the company would need to invest $24-30bn each year to achieve its 2010-30 development plan. He said NIOC reinvests 13% of its yearly income in the petroleum industry while another 17% is reserved for tax payment, but less than 50% of the necessary...
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