Investments in Upstream Oil, Gas Sectors Vital for Ensuring Future Energy Supply

Attracting domestic and foreign investments for the development of upstream oil and gas sectors tops the Oil Ministry’s priority list, as it is essential to ensure the security and supply of energy in the future.
Oil Minister Javad Owji made the statement after the 27th OPEC and non-OPEC ministerial meeting, held via videoconference on March 31, the Oil Ministry’s news portal reported.
“Iran has always sought the depoliticization of global energy market and it believes constructive interactions between oil producers and consumers are necessary to improve the security of global energy supply in the coming years,” he said.