Head of the Energy Committee of Tehran Chamber of Commerce, Industries and Mines said Iranian oil and gas industries are the best option for investment by foreigners.
According to Shana, Mansoor Moazami said, "Low energy cost, skilled and educated manpower, and political and security stability of the country compared to other regional states are the most important advantages of Iranian energy market. With such advantages, Iranian oil and gas industries are the ideal market for foreign investors."
He said any delay in following the new oil contracts will deprive Iran of golden opportunities and result in the failure to upgrade the oil industry.
Moazami pointed out that only the institutions and managers who are able to make maximum benefit of opportunities in a highly tumultuous world, will be the winner and Iran is no exception.
The official said that based on the Sixth Five-Year Plan (2016-21), investments to the tune of $180 billion will be required for the oil and energy sectors.
"Undoubtedly, such amount of capital for investment cannot be met from within the country. So grounds should be prepared for the presence of foreign investors. One of the ways to secure resources is the contract models."