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."

As the United States reimposed sanctions on Iranian oil exports, crude oil prices rose in 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.

The CEO of the National Southern Oilfields Company considered investing in the oil industry a suitable opportunity for economic activists, saying: "Lower risk and high returns have made investing in the oil industry an opportunity."

The CEO of Pars Oil and Gas Company stated that identifying opportunities, introducing investment risks, and attractiveness in investment contract models are the most important factors in attracting investment in the oil industry.

The CEO of the Central Iranian Oil Company said: The company has prepared 11 investment packages worth about $9 billion for the development of gas fields, which, once operational, will increase the country's daily gas production capacity by about 100 to 140 million cubic meters.