Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Israeli media: Israeli commando forces conduct airdrops in two locations in the Damascus countryside.
Israeli media platform: Israeli army forces carry out a commando operation in the al-Kiswah area of the Damascus countryside.
Syrian media outlets: Israeli helicopters flying at low altitude over Tal Mani in the Damascus countryside.
Israeli media platform: Israeli aircraft bomb Syrian bases simultaneously with tanks entering the southern outskirts of Damascus.
Israeli media: Israeli forces infiltrated the town of Beit Jann south of Damascus, and a new airstrike hit al-Kiswah.
Syrian media: Four Israeli helicopters have touched down in the southern city of Sweida.
UN Security Council member states, excluding the United States, confirm that there is a famine in Gaza.
Syrian media: The Israeli occupation forces launch a series of airstrikes in the western Damascus countryside.
Al Mayadeen correspondent: 51 people martyred in Israeli aggression on Gaza since Wednesday morning.
Saree: Yemen will not abandon its stance in support of Gaza no matter the challenges and repercussions until the blockade imposed on the territory is lifted and the aggression it is facing is halted.

Iranian Oil Minister: $20 billion invested in 12 months

  • By Al Mayadeen English
  • Source: Agencies
  • 6 Jul 2022 13:43
2 Min Read

Iran increases investment in oil production and focuses on 20 major projects, five of which have already been contracted.

  • x
  • Iran has invested a total of $20 billion in numerous sectors of its oil industry
    Iran has invested a total of $20 billion in numerous sectors of its oil industry

Iran has invested a total of $20 billion in numerous sectors of its oil industry in the past 12 months, revealed Oil Minister Javad Owji on the sidelines of a cabinet meeting on Wednesday. According to the minister, the investment has been made through a series of contracts and memoranda of understanding.

The contracts signed sought to implement five significant projects with approximately six companies. President Ebrahim Raisi’s administration had previously identified twenty major undertakings in the oil production circle.

Owji also noted that the administration of President Ebrahim Raisi has defined 20 top-priority projects in the oil production sphere in order to restrict the sale of crude oil that hasn't been refined, with a focus on the resistance economy.

Related News

KSA’s oil dependence persists despite vision 2030 promises: Bloomberg

OPEC+ JMMC recommends no change to oil production agreement

Read more: Iranian oil exports to China surge unprecedently amid US sanctions

A group of regional banks and oil businesses received a $7 billion contract from Iran on Tuesday for the development of the Azadegan oilfield. The oil field spans across the Iraqi border in southwest Iran. The contract was signed under the supervision of President Raisi in a demonstration that the initiative, according to him, is an example of Iran's capacity to marshal domestic resources for the construction of substantial infrastructure projects.

In parallel, Iraq has committed to making a sizable investment to develop its portion of the field, known as Majnoon, although Iranian ambitions of a similar nature have recently run into difficulties as a result of sanctions that prevent access to foreign money and expertise. Based on reports, Azadegan's crude oil production will nearly triple in seven years, reaching nearly 570,000 barrels per day.

Read more: Iranian oil tanker arrives in Venezuelan waters

  • Oil Production
  • Iranian oil minister
  • Oil in Iran
  • Iran
  • Dasht Azadegan

Most Read

Almost instantly after the Helsinki Accords were signed, organisations sprouted to document purported violations, whose findings were fed to overseas embassies for international amplification. (Al Mayadeen English; Illustrated by Zeinab el-Hajj)

How ‘Human Rights’ became a Western weapon

  • Opinion
  • 23 Aug 2025
Israeli soldiers stand on the top of armoured vehicles parked on an area near the Israeli-Gaza border, as seen from southern Israel, Wednesday, Aug. 20, 2025 (AP)

Palestinian fighters target Israeli soldiers, vehicles in Gaza

  • Politics
  • 21 Aug 2025
Tom Barrack's imperial tantrum in Beirut: When entitlement speaks (Photo by Mahdi Rtail)

Tom Barrack's imperial tantrum in Beirut: When entitlement speaks

  • Politics
  • 26 Aug 2025
Launch of a ballistic missile from Yemen toward the occupied Palestinian territories. (YAF military media)

Yemeni Forces announce firing hypersonic missile at Al-Lydd Airport

  • Politics
  • 22 Aug 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
Pope Leo XIV delivers the Angelus prayer in St. Peter's Square at the Vatican, Sunday, Aug. 24, 2025 (AP)
Politics

Pope Leo demands Gaza ceasefire, prisoner exchange deal

Palestinians pray over the bodies of people who were killed in an Israeli military strike, during their funeral outside Shifa Hospital, in Gaza City, Friday, August 22, 2025 (AP)
Politics

'Israel’s' 'double-tap' strike on Gaza hospital must be probed: UN

Vice President Mike Pence speaks at the the American Israel Public Affairs Committee (AIPAC) 2020 Conference, Monday, March 2, 2020 in Washington. (AP Photo/Alex Brandon)
Politics

Ex-AIPAC-funded lawmakers back bill to halt US weapons to 'Israel'

A boat sails at sea near Nuuk, Greenland, Wednesday, June 18, 2025 (AP)
Politics

Denmark calls in US envoy over covert Trump-linked Greenland influence

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS