Amir Moghiseh, the Investment and Business Director of the National Iranian Oil Company (NIOC) talked about the “Strategic Transformation in Investment in Iran's Upstream Oil & Gas Sector" event and stated: “This event was organized to meet the objectives outlined in the Seventh Development Plan for oil and gas, approved by Iran’s parliament,” reported the News Agency of Iran Oil Ministry.
“NIOC has designed this event to engage the private sector and the public in the oil and gas economy, unveiling 200 investment opportunities in the oil industry,” he said.
Moghiseh added: “Over 100 packages focus on oil and gas field development, while the rest involve investment opportunities across the value chain under NIOC’s management for the Iranian private sector. But we welcome foreign participation in these projects.”
He emphasized that foreign companies must collaborate with Iranian firms, revealing that over 30 companies from 30 countries have already registered to attend.
Maghiseh announced the event will feature comprehensive field data, contract models, incentive packages, financing solutions, and a non-governmental oil industry guarantee fund. “Our goal is to create a real business environment to attract domestic and foreign investment in the oil sector,” he said.
Acknowledging investor concerns about transparency, he stated: “We’ve released significant information to ensure private and foreign investors can make informed decisions. Details on production, field specifications and economic terms will be provided, along with NIOC’s proposed contract models, which remain negotiable.”
He added: “Next week, NIOC will unveil an incentive package for upstream contracts aimed at improving profitability and internal rates of return. We’ve agreed with the Planning and Budget Organization on a timeline, pending approval by the Economic Council. We’re also considering competitiveness relative to regional projects and similar contracts abroad.”
He stressed: “A separate financing package covering taxes and project funding will also be introduced, alongside a new non-governmental guarantee fund backed by banks, financial institutions and the Energy Exchange, offering guarantees up to €6 billion.”
Moghiseh highlighted: “Our goal is to streamline contract execution, share risks between the government and investors, and enhance economic appeal.
He added: “Under Articles 15 and 40 of the Seventh Development Plan, public-private partnerships (PPPs) are now possible. Diverse contract models address previous investor concerns about NIOC’s rigid frameworks. This flexibility signals our readiness to negotiate terms. Shifting from contractor-client models to investor-investee frameworks is key to successful private sector collaboration.”