Movement toward sustainable development in oil industry relies on investors’ role

SHANA (Tehran) – A member of Iranian Parliament called the "Transformation in Investment and Upstream Oil & Gas Development" event a significant step toward economic growth and sustainable development in Iran.

Mohsen Mousavizadeh commented on the event, stating that it effectively highlights investment opportunities in the upstream oil and gas sector and can play a key role in increasing production and reducing resource waste.

Emphasizing the need for structural reforms and revised approaches to attract investment, he added that providing legal, financial and operational frameworks for private sector involvement is a top priority. Streamlining processes and offering financial incentives, he noted, are crucial tools for building investor trust and participation.

Pointing to Khuzestan province’s unique potential, Mousavizadeh said the region—with its rich oil and gas resources, shipping infrastructure, rail networks and international borders—holds a strategic position for investment that should be utilized more effectively.

He described economic diplomacy as a key focus of the event, adding that it offers a valuable opportunity to engage with international investors and showcase Iran’s oil and gas capabilities. Combining this diplomacy with measures such as removing legal and administrative barriers could accelerate industry growth.

Mousavizadeh invited domestic and foreign investors to participate in the event and contribute to the sustainable development of Iran’s oil and gas sector, helping improve the country’s economic and living standards.

News ID 657267

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