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.
OPEC+'s Nightmare Interpretation in the Iran-US Nuclear Symphony Oil and energy investors are anxiously watching the Tehran-Washington nuclear talks and preparing themselves for the major price shock the market will experience. On the other hand, the risk of a no-deal and a dream between Iran and the US also threatens the stability of global markets.
According to the Minister of Oil, memorandums of understanding have been signed to expand Iranian and Iraqi oil cooperation in various fields, including offshore exploration and the transfer of associated gases from Iraqi border fields to Iran to supply feedstock for NGL units with the participation of the private sector.
A member of the Energy Commission of the Islamic Consultative Assembly announced the event of transformation in investment and development in Iran's upstream oil and gas sector as an effective step in the year of investment for production, and said: "Introducing investment fields will provide the opportunity to attract capital in various fields of the oil and gas industry and upstream industries."
The National Southern Oilfields Company's security forces, with the vigilance of their forces, were able to seize two tankers carrying 60,000 liters of crude oil and hand over the thieves to law enforcement authorities.
