Iran to unveil 40 great oil projects at London conference

Tehran, Dec 8, IRNA – A National Iranian Oil Company (NIOC) official said Iran is to introduce 40 grand oil projects at the London Conference due in March 2015. Moshtaq Ali Gohari who is deputy chief of the company told reporters here on Monday that the NIOC will unveil over 40 oil industry projects during the conference. Most of the projects are related to South Pars and West Karoun oil fields, he said. The official noted that they are mainly conducted in upstream oil industry as well as exploration and development activities. He anticipated that disclosure of projects will fetch about dlrs 40 billion worth of investments for the projects. /end