Iran’s oil opportunities: Onshore, offshore oil, gas fields development

SHANA (Tehran) - Iran’s oil industry is set to witness a major event on April 22, coinciding with progress in indirect talks between Iran and the US. 

This event signals a new chapter for investment in the country’s upstream oil and gas sector. At this event, 83 oil and gas fields will be officially introduced to attract investment and resume development—a move that could spur a fresh leap in Iran’s energy economy.  

Over the past four decades, Iran’s oil industry has been managed by domestic experts—a rare feat among oil-rich nations, showcasing local technical and managerial expertise. Yet few would dispute that the oil industry is inherently international, and its sustained growth depends on engagement with global investors and cutting-edge technology. In recent years, sanctions have buried investment opportunities under the weight of international pressure.  

However, under the policies of the 14th administration, Iran’s oil industry is regaining momentum. Signs of progress in indirect Iran-US negotiations have opened new prospects for the energy sector, paving the way for stalled projects to resume development. Among these, 83 oil and gas fields (both developed and undeveloped) will be presented as new opportunities for investment and technology transfer—an initiative that could redefine production growth and export capacity in Iran’s oil industry.  

The National Iranian Oil Company (NIOC) will introduce investment opportunities in 48 oil fields and 35 gas fields at its "Transformation in Upstream Oil and Gas Investment and Development" event. Domestic and foreign investors are eager, as these fields promise strong returns. From onshore to offshore, from new fields to mature ones, investment opportunities abound. The Oil Ministry is spotlighting 34 onshore and 14 offshore oil fields as prime prospects, while 23 onshore and 12 offshore gas fields hold the potential to address Iran’s energy imbalance.  

Today, signs of easing international tensions could facilitate the inflow of capital, technical expertise, and advanced technology. In a world still seeking sustainable energy sources, what better time to redefine Iran’s role in the global oil market?  

At the event, NIOC will present over 200 investment opportunities—ranging from large to small-scale—under diverse contractual frameworks.  

News ID 657018

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