Iran to Invest $1B in LNG Project

The managing director of Iran LNG Co., a subsidiary of National Iranian Oil Company, announced that some 1 billion dollars has been invested in the Iranian LNG project.

The Mehr News Agency quoted Ali Kheyrandish as saying that, the project is now 24 percent complete.  It is estimated that in future some $4-4.5 billion should be invested in the project, he explained.

According to Kheyrandish currently 2,000 people are working in the project site in Asaluye in Bushehr province.

He went on to note that besides domestic some foreign experts from Italy, Spain, Romania, Germany, China, England, South Korea, Philippines, and Algeria are also working on the project.

BBC Monitoring. Copyright BBC.

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