World

Iran’s President Encourages Foreign Investors to Participate in Energy Projects

Tehran, March 3 (IANS) – Iranian President Ebrahim Raisi has extended an invitation to international investors and the Gas Exporting Countries Forum (GECF) members to engage in the country’s energy projects. Raisi made the announcement during the seventh GECF Summit in Algiers, highlighting Iran’s vast natural gas resources and technological capabilities.

During the summit, Raisi emphasized the importance of cooperation among GECF members in joint investments for gas extraction, processing, and trade. He expressed Iran’s readiness to serve as an energy hub and a secure transit route for gas distribution to target markets, leveraging its strategic geographic location.

With Iran boasting the world’s second-largest gas reserves, according to the US Energy Information Administration, Raisi’s call for collaboration signals a significant opportunity for international investors looking to capitalize on the country’s energy potential. Iran’s push to become a key player in the global energy market underscores its commitment to expanding its presence in the sector.

As Iran seeks to position itself as a pivotal player in the energy landscape, Raisi’s initiative to engage international investors and GECF members sets the stage for enhanced cooperation and mutual benefit. The country’s strategic focus on leveraging its natural resources and advanced technological capabilities underscores its commitment to driving innovation and growth in the energy sector.

IANS

IANS, established in 1986, is India's largest independent news service, offering 24x7 news from India and South Asia, and a preferred source for diverse content across six business verticals.

Related Articles