Mohammad Rashidi noted that Iran has strong domestic investors and operators in oil field development and that their participation should be encouraged by removing obstacles.

He said these investors could help reduce losses caused by low extraction rates from oil fields.

Rashidi stated that oil and gas fields are among Iran’s main attractions for investors. Attracting investment—while circumventing sanctions and securing necessary permits—would drive economic growth, making the sector highly appealing to investors.

The MP emphasized that the parliament and government must collaborate to streamline oil field investments, leveraging all available policies and tools, including oil and economic diplomacy.

Referring to Iran’s frozen oil revenues, Rashidi stressed the need for effective diplomacy to overcome such challenges. “Despite sanctions, we maintain good relations with several countries in political, economic, and trade sectors,” he said. “Now that our funds are held in these countries, we must use active and smart diplomacy to repatriate them.”