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Iran Puts A Dollar Figure On How Much It Will Need To Modernize Oil Sector

Iranian Oil Minister Bijan Zangeneh's top adviser, Mehdi Hosseini, said the country will need at least $150 billion to enact a comprehensive modernization of its oil sector within the next five years. He said the needed funds will be invested on a broad range of activities, including boosting Iran's oil production, developing LNG projects, as well as other downstream plans.