IRAN Feed Atom

The investment and business development director of the National Iranian Oil Company (NIOC) warned that without reforms in policymaking and financing, a significant portion of the country’s underground oil and gas resources may never be extracted.
Iran’s gas industry will require about $42 billion in investment by the end of the Seventh Development Plan, a senior official said, emphasizing that the sector seeks not only financial input but also innovation, management expertise, and stronger international connections.
Iranian Oil Minister Mohsen Paknejad described the 27th Ministerial Meeting of the Gas Exporting Countries Forum (GECF) as a crucial event, emphasizing that as the forum’s founder, Iran will present new initiatives designed to safeguard the collective interests of member countries in the long term.