Iran seeks large volume of capital investment to boost upstream action

This article is adapted from the author's comments during a June 14-15, 1999, petroleum investment conference in Dubai, U.A.E. The views are his and do not necessarily represent the official position of CGES.Objective commentary about Iran's oil and gas industry is difficult. One could get too enthusiastic about the achievements of the Islamic revolution since 1979 or be influenced by national pride.Conversely, one could overemphasize the industry's setbacks caused by the disruptions from the revolution and by the war with Iraq during the 1980s. As an Iranian and a former National Iranian Oil Co. (NIOC) employee, this task is even more difficult for me, but I will try my best....

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