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EghtesadOnline: Minister of Petroleum Bijan Zangeneh said on Thursday that 20 billion dollars of investment made in oil industry will be put to use in near future.

He made the remarks on the sidelines of a visit to South Pars projects in the southern province of Bushehr.

According to IRNA, Zangeneh told reporters that in the new Iranian year (which bgan on March 21), big developments and historic events will take place in the country’s oil industry.

He said that phases 12, 15, 16, 17, 18, 20, 21 and 19 of South Pars were among priorities of Petroleum Ministry and now all of them have been launched.

With new phases of South Pars being operational, we successfully passed winter time without any gas shoratge although gas imports decreased compared with the previous year.

Bijan Zangeneh South Pars Iran oil Iran oil industry