Deficit in energy and Iranian rich resources
The deficit of foreign investments in Iranian oil and gas sector exceeded $22.5 billion in 2008. Iranian oil and gas sector needs investments to the amount of $24 billion annually. According to UN, investments did not exceed $1.5 billion in 2008. The Director of Iranian Privatization Committee, Golamreza Heydari Kord Zengene, said that Iran needs to draw $1.3 trillion of foreign investments in oil and gas sector for the next 20 years, ($ 65 billion per year). According to BP, as of January 1, 2009, Iranian total proven oil reserves amount to 137.6 billion barrels. Before the Islamic Revolution in Iran (in 1979), daily oil production in Iran amounted to 6 million barrels. Presently, it does not exceed 4.5 million barrels. The main reason of reduction of oil production is the lack of renewed oil and gas infrastructure, deficit of new investments, insufficient amount of extracted gas for repumping into the reservoir to maintain pressure in oil-bearing reservoirs. Iran needs 150 million