The need to create investment security in the upstream oil and gas sector

According to Energy Press, citing the National Iranian Oil Company, Mostafa Nakhaei, referring to the importance of investment in the oil industry, stated: Despite the development of legal grounds in the Seventh Development Plan and the issuance of necessary licenses for the presence of the private sector in energy-intensive industries, the main problem in attracting investment is not a legal vacuum, but the need to change the attitude towards the private sector.
He added: The government must change its role from being an entrepreneur to a facilitator and cooperate with the private sector as a real partner. A contractor’s view of the private sector cannot solve problems, and managers need to think about real cooperation with this sector.
The member of the Parliament’s Energy Commission stated: Holding investment events in the oil and gas sector can provide an opportunity to introduce investment opportunities and attract investors. Also, given the existence of joint oil and gas fields, there is a need for more investors and investment to increase production. Therefore, it is necessary to allow the capable and interested private sector to invest in this field.