Ramazanali Sangdovini referenced the Supreme Leader’s remarks on the necessity of private sector involvement in investments, stating: “For 17 years, the Leader’s message on the importance of the private sector, production, and the economy has been clear. Hosting this event is a positive step, as it can steer the private sector toward sustainable investment.”

He added that the event should foster an environment where private investors can engage in oil and gas projects with full confidence, as the assurance of successful returns is the primary driver for participation.

The Energy Commission deputy chairman stressed that the private sector plays a key role in industrial transformation by creating jobs, preventing capital flight, and boosting exports. “If investor confidence is secured and they are guaranteed short-term returns, we will undoubtedly succeed,” he said.

Sangdovini noted that the event will help attract private investment. “To achieve the goal of ‘investment for production,’ we have no choice but to involve the people and the private sector. The more trust the private sector has in the investment climate, the more capital it will inject into projects, leading to increased production and improvements in energy imbalances and challenges.”