President Raisi says oil, gas sector best opportunity for investment

Oil and gas is the best sector for investment in Iran, said President Ebrahim Raisi during a visit to the Oil Ministry on Monday as he was briefed about the oil industry’s plans for the current Iranian year (started March 21).
“The increase in oil production and exports, despite sanctions, is a great achievement for the incumbent government since it came to office two years ago,” he was quoted as saying by Shana.
Stating that investment is the driving force of economic growth, Raisi asked the managers of the Oil Ministry to accelerate production growth as well as increase income by attracting more domestic and foreign investment.
The president pointed to reducing the sale of oil in crude form as one of the important tasks, and noted processing crude oil will lead to an increase in production, employment and productivity.
Emphasizing on not delaying the development plans, speeding up the completion of the flare gas collection project by using the capacity of new technology-based firms as well as paying more attention to consumption management along with production management were other important points raised by Raisi.
The need to create integration in the upstream, midstream and downstream sectors of petrochemicals with the aim of complying with the general policies of the Ministry of Oil was also emphasized by the president.
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