The Iranian government expects to bring in at least $40 billion in investments per year to an opening oil industry, a deputy trade official said. According to Deputy Petroleum Minister for International Affairs and Trading Amir Hossein Zamaninia, Iran expects to see signatures on the first new post-sanctions oil contracts within the next three months. Characterizing the current status of the oil industry as satisfactory, the minister said Iran expects to bring in significant revenue from oil once new contracts unfold. “We expect to attract at least $40 billion to $50 billion of investments annually,” he was quoted by the semiofficial Fars News Agency as saying . Iran in 2015 exported around 1.4 million barrels of oil […]