Moazami: Iranian Oil&Gas Industries Are Lucrative Market for Foreign Investment

TEHRAN, July 05 (Shana) – Head of the Energy Committee of Tehran Chamber of Commerce, Industries and Mines, Mansoor Moazami, says Iranian oil and gas industries are the best option for investment by foreigners.

"Low energy cost, skilled and educated manpower, and political and security stability of the country compared to other regional states are the most important advantages of Iranian energy market. Enjoying such advantages, Iranian oil and gas industries are the ideal market for foreign investors," said Moazami.

He said any delay in following the new oil contracts will deprive Iran of golden opportunities and result in failure for upgrading the country's oil industry.

He went on to say that only the institutions and managers, being able to make maximum benefit of opportunities in the world's highly tumultuous world, will be the winner and Iran is not an exception.

Elsewhere in his remarks, the official said that based on the Sixth Five-Year Plan (2016-2021), $180 billion need to be invested in the oil and energy fields of the country.

"Undoubtedly, such amount of capital for investment cannot be met inside the country; so, the ground should be prepared for entry and presence of foreign investors. One of the methods to security resources is the contract models."

News Code 264287

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