Deputy Minister: Iran seeking offshore investment

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Iran requires about 30 billion dollars of investment in offshore sector, Deputy Minister of Industry, Mining and Trade said on Monday.

The Joint Comprehensive Plan Of Action (JCPOA) has paved the way for great projects in offshore and onshore sectors, said Mansour Moazzami, referring to the landmark agreements between Iran and the world major powers.

According to the agreement signed in 2015, Iran accepted to curb its nuclear program in return for sanctions relief.

Describing JCPOA as a good opportunity for the country, which may not last forever, Moazzami who is also Managing Director of Industrial Development & Renovation Organization (IDRO) of Iran added that according to the assessments, Iran would require an investment of $ 30 billion in its offshore sector.

Speaking at the International Offshore Industries Conference, he added that agreements would be signed with Korea’s Daewoo, as well as National Iranian Tank Company (NITC) and Islamic Republic of Iran Shipping Lines (IRISL) on shipbuilding.

The 7th International Offshore Industries Conference May 22-23 is being held at Sharif University of Technology in Tehran, attended by experts, policy makers, engineers, contractors, manufacturers, university professors and other communities of the maritime sectors.

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