Iran is among the safest Middle East states for investors to finance oil and gas projects, a deputy oil minister said on Wednesday.
“Security-wise, there are few countries in the oil-rich Middle East region, which can provide such investment opportunities for those who are looking for not only substantial profit but also long-term investment,” Rokneddin Javadi was also quoted as saying by Mehr News Agency.
According to Javadi, who is also the head of the National Iranian Oil Company, the broad range of offshore and onshore hydrocarbon resources in Iran can make it possible for investors to choose the most suitable projects with more flexibility based on their expertise.
Underscoring the reasonable return of oil and gas investments in Iran, the official added, “Compared to other states in the region, the low cost of producing each barrel of oil in Iran can create an added incentive among investors. Moreover, Iran’s energy market is so vast that producers do not need to worry about sales and marketing.”
Pointing to the abundance of professional skilled labor in Iran, Javadi said foreign companies can recruit native workforce, which is not only competent but also reasonable expense-wise.
“Iran’s strategic policy is to be involved in international oil and gas projects,” he said, noting that the National Iranian Oil Company, being committed to all its policies, wants to conclude win-win contracts with foreign and private sector investors in the post-sanctions era.
