22821
Foreigners Vying for Ilam Energy Potentials
Energy

Foreigners Vying for Ilam Energy Potentials

Kuwaiti, Austrian and Azerbaijan's investors have visited Ilam Province to explore investment potentials in the region's energy projects, Ilam Province's governor said.
 Mohammad Reza Morvarid added that proposals were made to the visiting delegations for cooperation in oil, gas and petrochemical projects, and the investors will finance projects based on the technical assessments of each project, Shana reported.
Upon the issuance of a certificate on the competency of Kuwaiti and Austrian companies by the Oil Ministry and the Ministry of Economic Affairs and Finance, and the conclusion of an agreement, the construction of refineries with foreign finance in Ilam Province can get underway.
"In view of high investment potentials in oil-rich Ilam Province, the delegation has expressed readiness to get involved in the projects and arrangements will be made to this end," Morvarid said.
The delegation included representatives of an Australian multinational investment firm, Kuwait's Al Khalifa Energy Investments Company and Azerbaijan's Energy Industries Investments Company.
Ilam Province is expected to become one of the major petrochemical hubs of the country on account of its numerous oil and gas reserves.

 

Short URL : http://goo.gl/KZa3lZ

You can also read ...

Philippines Struggles to Embrace Renewable Energy
Renewable energy costs are falling across the world, but the...
India to Keep Fuel Prices in Check
India is looking at ways to keep rising fuel prices in check,...
OPEC Not Rushing to Boost Production
OPEC is not in a rush to start winding down the production...
Iran's electricity industry ranks 14th in the world in terms of output.
Driven by its vast potential in the electricity industry, Iran...
Oil Prices Rise as China, US Put Trade War on Hold
Oil prices rose on Monday as markets reacted to news that...
Shourijeh Gas Storage Capacity to Reach 4.5 bcm
Shourijeh natural gas storage facility in the northeastern...
Changing Working Hours  Could Help Save Electricity
Changing working hours in state organizations during peak...

Trending

Googleplus