IRAN NEEDS $100 BLN
Iran needs $100 billion to rebuild its gas industry and has met with European energy giants as an end to decades of international sanctions looms, according to the state-run company in charge of discussions.
"We welcome and appreciate investment by companies; we welcome new technology," Azizollah Ramazani, international affairs director at National Iranian Gas Co., said in an interview in Paris. "During the last 18 months we have had many discussions with foreign companies."
While commodity markets fixate on a return of Iranian oil, the importance of gas in the longer term was underlined Wednesday as BP Plc…
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