Iran plans to invest $900 million before March 20 in development of sea oil platforms. The funds will be provided by the Iranian Offshore Oil Company (IOOC), Managing Director of the company Mahmoud Zirakchianzade said, IRNA reports.
About $300 million were provided for the previous year.
Zirakchiyanzade said that Iran had contracts worth $14 billion ready to be signed. The contracts include development of such fields as Farzad A & B, Soroush, Kharg, Esfandiar, Alfa, Tousan.
The contracts signed between March 20, 2011, and March 20, 2012, were worth $20 billion.
