National Iranian Oil Company - Production Costs and Investments

Production Costs and Investments

See also: Economy of Iran and Petroleum industry in Iran

The cost of producing each barrel will rise to $30 or more from $7 in 2012.

Iran currently allocates $20 billion a year to develop fields and $10 billion on maintaining output. In the next decade, maintaining production will cost $50 billion, with a similar sum required for development.

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