Tehran sets sights on $30bn FDI in Iranian energy sector

Iranian energy sector: Iran expects to attract $30bn foreign investment into its energy sector, its Energy Minister  Hamid Chitchian said today. Speaking on the sidelines of a meeting with a trade delegation from Germany’s Baden-Württemberg State, he said that Iran had no interest in merely being a consumer of foreign goods, but also wanted to be at the cutting edge of  science and technology. 
 Chitchian said that he had had satisfactory  discussions with his  German visitors ranging over renewable energy sources, energy intensity, water and waste water treatment, and electricity grids. Baden-Württemberg ‘s  investment in Iran stands at about  about $1 billion, according to the head of the delegation Nils Schmid and there were plans under way to double that in the coming months.

Source: TREND