News of progress in the Iran-US nuclear talks eased investors' concerns about disruptions to oil supplies and helped stabilize prices over the past business week.
Oil Minister Mohsen Paknejad also unveiled a new tool called "PetroCrad," which for the first time allows for the attraction of small public funds through the capital market.
The Trump administration has sanctioned the Iranian shipping giant in new, draconian sanctions against Iran's oil and gas sales.
The poster for the 29th International Iranian Oil, Gas, Refining and Petrochemical Exhibition was unveiled with the slogan "Investment in the oil industry, a guarantee of economic growth and development."
Amidst the challenges of sanctions and regional competition, Iran's oil industry is seeking to increase its attractiveness and attract investors by redefining its oil contracts; a development that could free the vital oil arteries from restrictions and open a new horizon for development and international cooperation.
News of progress in the Iran-US nuclear talks eased investors' concerns about disruptions to oil supplies and helped stabilize prices over the past business week.
Amidst the challenges of sanctions and regional competition, Iran's oil industry is seeking to increase its attractiveness and attract investors by redefining its oil contracts; a development that could free the vital oil arteries from restrictions and open a new horizon for development and international cooperation.
A member of the Energy Commission of the Islamic Consultative Assembly said: "In a situation where Iran is facing numerous challenges in the energy sector, creating investment security in the upstream oil and gas sector is one of the basic priorities."
Reliable statistics show that over the past decade, the share of investment in renewable energies has increased from 33% to more than 65%, while the attractiveness of investing in oil projects has decreased significantly.
As the United States reimposed sanctions on Iranian oil exports, crude oil prices rose in global markets.
