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Iran has signed over dlrs 38 billion oil deals in 1.5 years
Oil Minister Kazem Vaziri-Hamaneh said on Wednesday that Iran has signed more than 38 billion dollars deals during the past one and a half years in the field of oil, gas and petrochemical industry.
Vaziri-Hamaneh made the remarks while addressing the inaugural ceremony of the 12th International Oil, Gas and Petrochemical Exhibit.
"Signing deals shows firm determination of the Islamic Republic of Iran to make breakthrough in oil industry," he said.
He added, "Implementation of such projects, which is in line with Iran's long-term strategy on energy, will create a giant market of dlrs 250 billion for the next 20 years.