Lawmaker calls for solving energy imbalance through investment in oil industry

SHANA (Tehran) – A member of Iran’s Parliamentary Committee for Industries and Mines said attracting investment in the upstream oil and gas sector is an effective solution to address the country’s energy imbalance crisis.

Amir Tavakoli stated that the main goal of the event "Transformation in Investment and Development in Iran’s Upstream Oil and Gas" is to define specific plans for profitable energy sector investments.

He added that the National Iranian Oil Company, by organizing this event, has identified and introduced over 200 upstream oil and gas projects, marking a significant step toward attracting capital.

Tavakoli noted that one of Iran’s persistent challenges is the lack of proper guidance for idle capital in the country—funds that fluctuate between the currency and gold markets. "If we can establish a transparent, secure and profitable path for investors, both small and large, with enforceable guarantees, we can direct these resources toward economic dynamism and the development of the oil and energy industry," he said.

Highlighting the country’s urgent need for investment in the gas sector, he said, "To address the gas imbalance, we currently need around 500 trillion tomans in investment. While financial resources exist in the economy, the lack of a clear path and trust-building mechanisms prevents these funds from being channeled into productive sectors."

Tavakoli emphasized that properly directing these investments and managing multi-faceted financing strategies would benefit both investors and the national economy. "The outcome would be realizing the year’s economic slogan and ultimately resolving chronic energy deficits—deficits that have now become major obstacles to the country’s industrial development," he said.

News ID 656738

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