Production Costs and Investments
See also: Economy of Iran and Petroleum industry in IranThe 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.
Read more about this topic: National Iranian Oil Company
Famous quotes containing the words production, costs and/or investments:
“The myth of unlimited production brings war in its train as inevitably as clouds announce a storm.”
—Albert Camus (1913–1960)
“It costs more to maintain ten vices than one virtue.”
—H.L. (Henry Lewis)
“In youth, love and art. In age, investments and antiques.”
—Mason Cooley (b. 1927)