12 April 2025 - 17:08
  • News ID: 656673
Tax incentives key to attracting investors, lawmaker says

SHANA (Tehran) — Tax and export incentives for investors are a vital step in transforming the oil industry and attracting foreign and domestic investment, said Reza Sepahvand, a member of Parliament's Energy Committee.  

Speaking about the upcoming "Transformation in Investment and Development in Iran's Upstream Oil and Gas" event, Sepahvand noted that such conferences are commonly held worldwide to market investment opportunities.  

"We can attract investors at any stage or event, provided we increase their confidence in investment security," he said.  

Domestic and foreign investors need assurance before committing capital, Sepahvand added, emphasizing that the event—scheduled for April 22—will benefit upstream industries and help attract new businesses.  

"Everything in production depends on investment," he said. "We must create the right conditions, recognize investors' property rights, and provide business opportunities and facilities."  

Sepahvand stressed the need for tax and export incentives to encourage investment in Iran's oil and gas sector.  

The April 22 event aims to introduce over 200 investment opportunities in Iran's upstream oil and gas industry.  

News ID 656673

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