Iran plans to invest around $70 billion (Dh257 billion) in two major offshore natural gas fields in the 2010-15 period, a senior official said in comments broadcast on Friday.
Seifollah Jashnsaz, managing director of the state National Iranian Oil Company (NIOC), said Iran would invest $40 billion to complete remaining projects in the South Pars field during the fifth five-year economic plan, which runs until 2015.
He did not say how Iran, which is also the world's fifth-largest oil exporter, would finance the investments.
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