TEHRAN, Iran, October 24. Head of Iran`s Planning and Budget Organization Masoud Mirkazemi said a consortium of Iranian banks and companies has decided to invest a total of $27 billion in the oil and gas sector, Trend reports citing Fars News Agency.
Mirkazemi made the remark at the ceremony of the National Statistics Day, saying that the amount of mentioned investment should be raised to $80 billion.
According to the official, oil and gas projects are highly profitable and promise greatest returns for investors in less than a year.
He states that the current year and the next should be years of economic stability and economic growth.