Economic growth through investment in oil, gas upstream sector

SHANA (Tehran) – A member of the Iranian Parliament’s Energy Committee highlighted the "Transformation in Investment and Development" event in Iran’s oil and gas upstream sector as a significant step in the "Year of Investment for Production." He stated that introducing investment opportunities will attract capital to various sectors of the oil, gas and upstream industries.

Gholamreza Dehqan-Nasrabadi emphasized the importance of attracting investment in the oil and gas upstream sector, saying: "The Leader has designated the new year as the 'Year of Investment for Production.' To this end, the Ministry of Oil and the National Iranian Oil Company are organizing an event to introduce investment opportunities, which could significantly boost production and reduce associated gas flaring—a major contributor to air pollution."

He added: "By presenting investment opportunities, investors will enter various sectors of the oil, gas and upstream industries, helping to increase production. This will not only address energy imbalances but also drive substantial economic growth."

The Energy Committee member stressed: "With precise, expert planning in the oil and gas upstream sector, we can create favorable conditions for investment, particularly in the oil and gas industry. Hosting this event is a key step in the 'Year of Investment for Production,' playing a vital role in the country’s economic growth."

News ID 656875

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