Amir Salehi spoke Sunday at a briefing for the 29th International Oil, Gas, Refining and Petrochemical Exhibition (Iran Oil Show), attended by ambassadors, representatives and economic advisers. 

He noted that Iran, with the world’s fourth-largest oil reserves and second-largest natural gas reserves, has long been a pillar of global energy security.

“The true value of these resources lies not just beneath the earth, but in the international partnerships and collaborations we build,” he said.  

Referencing a "strategic transformation” plan for Iran’s oil and gas upstream sector, Salehi added: "Our goal is to modernize upstream operations via cutting-edge technology, sustainable practices and foreign investment. Your presence here reflects our shared commitment to turning underground resources into economic prosperity.”

Upstream roadmap, investment opportunities forum

Salehi emphasized that the "Transformation in Investment and Development in Iran’s Oil and Gas Upstream” event, set for April 22, will be a key opportunity to detail Iran’s upstream roadmap. 

“This event will highlight development priorities for oil and gas fields, new financial incentives with attractive terms, and tax exemptions. Attendees can also engage with technical experts and review data on new fields,” he said.  

With over 200 defined investment opportunities in the oil sector, Salehi stated: “The transition to low-carbon energy is not a zero-sum game. Iran’s vast hydrocarbon resources, combined with an open approach to innovation, create a unique opportunity to balance economic growth and environmental protection. Today’s energy cooperation builds not just economic prosperity but also a foundation for peace and mutual trust.”

Inviting attendees to future NIOC events, he concluded: “Let’s work together to turn energy into wealth, challenges into opportunities, and trust into a legacy for future generations.”