Iran’s deputy oil minister announced on Thursday in an economic conference in Vienna, “Iran’s oil and gas fields need $185 billion in foreign investments.”
“We have defined around 50 oil and gas projects valued at $185 billion and we hope contracts related to these projects will be signed prior to 2020,” Reuters cited him saying.
Experts say considering the political instability and Iran’s destructive role in foreign policy, it is quite unlikely and far-fetched that foreign companies will be willing to invest this kind of money in Iran and accept all the risks.