NIOC chief highlights importance of foreign investment

EghtesadOnline: Managing Director of National Iranian Oil Company (NIOC) Ali Kardor on Wednesday highlighted importance of attracting foreign capital as mere reliance on domestic financial resources will not bring about economic growth beyond five percent.

News ID: ۷۳۶۷۴۸

08 September 2016

Kardor made the remarks in a ceremony in presence of senior oil industry officials, according to IRNA.

'Our neighbors managed over recent years to gain favorable economic growth as they put attraction of foreign capital as a necessity on their agenda. Iran needs foreign capital as well to fulfill its economic objectives of the five-year economic development plan envisaged eight percent economic growth.'