The Ministry of Industry, Mines and Trade of Iran targets US$185bn investments in oil and gas projects by 2020, following a nuclear agreement with the international community. The country has identified about 50 oil and gas projects worth US$185bn that could be approved by 2020. Iran holds the second largest gas reserves worldwide behind Russia (34,262 bcm in 2014) and the fourth largest gas reserves (157 Gbl in 2014).
In addition, the Atomic Energy organisation of Iran expects China to build two new nuclear power plants in Iran, as the Middle-East country aims to start the construction of four nuclear power plants in the next two to three years.
The UN Security Council has just adopted a resolution in support of the agreement on Iran's nuclear programme, lifting all international sanctions in ten years if the country fulfills all conditions agreed with the P5+1 group of international mediators (the United States, the United Kingdom, France, Russia, China and Germany) in Vienna.
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