POGC head calls attractive contract models, key to oil investment

SHANA (Tehran) – The CEO of Pars Oil and Gas Company (POGC) said identifying opportunities, outlining investment risks, and enhancing the appeal of contract models are the most important factors in attracting investment to the oil industry.

Touraj Dehqani emphasized that the conference on "Production in Upstream Oil Industry Investments" aligns directly with the sector’s objectives. "The oil industry offers abundant investment opportunities, and such a conference can effectively identify its target audience," he said. "Since the event’s theme also matches this year’s national slogan, it can yield significant achievements for the oil industry."

Noting the low capital growth rate as a major hurdle to Iran’s economic development in recent years, he added, "To overcome this and achieve the 8% growth target outlined in the country’s long-term economic vision, we must pay special attention to the oil industry."

Dehqani stressed that the oil industry has always been an attractive sector for investment. "Identifying opportunities, presenting investment risks, and improving the appeal of contract models can facilitate real investment in this field," he said.

For the event’s goals to materialize, he said it is essential to move beyond slogans and adopt attractive models to encourage investors. "The more precisely we identify investment opportunities, assess our shortcomings, and provide expert solutions, the better we can attract genuine investment," he added.

While capital plays a crucial role in growth and development, he noted, it is not the sole factor. "Capital must work alongside other production factors—technology, human resources, management, creativity, and rationality—to maximize the productivity of investments," he said.

The "Transformation in Investment and Development in Iran’s Upstream Oil and Gas" event will be held on April 22, 2025, aiming to introduce over 200 upstream investment opportunities.

News ID 656629

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