Mohammad-Sadeq Azimifar made the remarks Wednesday during the third meeting of the company’s Investment and Financing Committee. Highlighting the industry’s growth potential in the Iranian year 1404 (2025-26), he said fulfilling the objectives outlined in Article 45 of the Seventh Development Plan is a key tool for expanding the country’s refining capacity.

He added that new refining projects, quality upgrades for refinery products and infrastructure development—including pipeline expansion, fuel storage capacity and product distribution—are high-potential areas for investment.

Azimifar stressed the readiness of the National Oil Refining and Distribution Company to collaborate with the private sector, saying: "We are working to facilitate active investor participation by offering numerous investment opportunities. Implementing these projects will not only enhance the country’s energy security but also play a significant role in job creation and economic growth."

He noted that the company supports any policy that boosts production capacity, improves consumption efficiency, increases productivity and safeguards investments in the refining sector, adding that this approach will be reflected in all future plans.

 Refining, distribution sector prioritizes investment with new opportunities 

Shahla Loni, investment manager at the NIORDC, referenced the "Year of Investment" and upcoming oil industry investment forums, emphasizing the prioritization of key measures for implementation in 1404 (2025-26).

She said introducing new investment opportunities—leveraging incentives and legal capacities under the Seventh Development Plan and annual budget laws—is on the agenda.

A report on follow-up actions from previous meetings was presented, with committee members underscoring the need to realize the 1404 slogan of "Public Investment and Production Growth." They stressed that the refining and distribution industry must design attractive, trust-building models to encourage public and private sector participation in achieving broader goals, including increased production capacity, technology modernization and reduced energy waste.