This sector not only holds unmatched potential for generating national wealth but can also play a decisive role in reducing energy imbalances and increasing production capacity.

Karim Masoumi noted that despite Iran’s vast energy resources, significant obstacles remain to effective investment in the upstream sector. He stated, “Investment in this sector requires strong support for the private sector, establishing legal and economic infrastructure, and building investor confidence. Hosting events to showcase opportunities in this field is a step toward achieving these goals.”

He added, “A realistic look at past experiences shows that without meaningful private-sector participation and without attracting domestic and foreign investment, balanced and sustainable development in this industry cannot be achieved. Alongside these efforts, mechanisms must be established to remove barriers, enhance transparency, and facilitate investor participation.”

The head of the parliamentary faction emphasized, “Developing the oil and gas upstream sector is not just about increased extraction—it is an opportunity to leverage new technologies, boost productivity, create jobs, and reduce dependence on energy imports, especially as energy challenges become more apparent. Investment in this sector can secure a more stable future for Iran’s economy.”

Masoumi said, “Our country has a skilled and innovative workforce. What we need now more than ever is an effective link between this human capital and financial resources—a combination that, if realized, will drive the growth of the oil and gas industry.”

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