13 April 2025 - 14:53
  • News ID: 656737
Investment in oil, gas industry essential: MP

SHANA (Tehran) – The head of the Iranian Parliament’s Oil, Gas, and Petrochemical Industries Monitoring Committee emphasized the need to attract investment in the upstream oil and gas sector to ensure a stable supply of feedstock for downstream industries.

Zeynab Qeysari highlighted the importance of the upcoming event, "Transformation in Investment and Development in Iran’s Upstream Oil and Gas Sector," stating: "We have long awaited the introduction of investment packages by the Ministry of Petroleum so that investors can conduct economic assessments and decide whether to enter projects individually, through partnerships, or as consortia."

She noted that this year’s slogan, "Investment for Production," aligns perfectly with the nature of the oil and gas industry, adding: "Given the country’s vast oil and gas resources, focusing on upstream investment is a driving force for the development of the entire value chain. This event can pave the way for completing this chain."

The MP stressed that ensuring a stable feedstock supply is essential to encouraging investment in downstream industries. "Currently, due to the lack of feedstock guarantees, investors are reluctant to enter complementary industries. However, by investing in upstream and securing feedstock supply, the necessary conditions for small industries to participate will also be created."

The "Transformation in Investment and Development in Iran’s Upstream Oil and Gas Sector" event will be held on Tuesday, April 22, at the Summit Conference Hall, with the participation of political and economic officials as well as oil and gas industry stakeholders.

News ID 656737

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