Iran welcomes domestic, foreign investment in gas fields
By Mohammad Bahrami
Deputy chair of Parliament’s Energy Committee
Investment in the development of Iran’s gas fields, particularly in boosting pressure in the shared South Pars field, is a top priority for the nation. Neglecting such a crucial issue could lead to reservoir pressure decline and reduced production. Therefore, the government warmly welcomes both domestic and foreign investment in the development of gas fields.
One particularly promising avenue is harnessing domestic capabilities for gas production at South Pars, which would substantially ramp up the country’s gas output. Given the current situation, where Iran faces sanctions, the country faces limitations in collaborating with major foreign companies. Thus, leveraging the capacity of domestic firms will undoubtedly be beneficial. The government is eager to partner with domestic companies that possess the necessary capabilities and the Parliament will take action to introduce them to the Oil Ministry, providing necessary support.
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