EghtesadOnline: Iran has defined $200 billion worth of projects in up/mid/downstream oil and gas sector. They will partly be carried out by foreign companies.

EghtesadOnline: Transfer of technology is an indispensable part of Iran Petroleum Contract, the new model of oil contracts for developing Iran's oil and gas fields, as the country needs cutting-edge know-how and equipment to offset the natural decline in extraction from aging oil and gas reservoirs, deputy for engineering and development at the National Iranian Oil Company said.

EghtesadOnline: Iran's petroleum industry is operating with technology and equipment that belong to several generations ago and the way to eliminate the bottleneck is by opening up the key sector to foreign investment and technology, a senior oil official says.

EghtesadOnline: Winning foreign investors' trust to finance mega oil and gas projects will not only help ensure economic growth and prosperity in the long term but also help it gain access to advanced knowhow, the secretary general of the Federation of Iran's Energy Exports and Associated Industries said.

EghtesadOnline: The National Iranian Oil Company can maintain its current production level of 3.9 million barrels per day for a maximum period two years. However, the 5.2 bpd production level envisaged in the sixth economic development plan (2017-22) will "not be possible without new investments."