Iran's Oil And Gas Sector Faces Need For Significant Investment

2026-05-19 04:36:03

(MENAFN- Trend News Agency) BAKU, Azerbaijan, May 19. Iran's oil and gas sector is in urgent need of foreign investment, said expert Mehran Amir Moini, Trend reports.

Speaking to local media, Amir Moini said international sanctions have significantly restricted foreign capital inflows, while domestic investment remains insufficient to cover required expenditures.

He noted that under current conditions, no favorable outlook is expected for Iran's gas sector in the medium term or over the next five years. In the best-case scenario, Iran would aim to maintain its gas exports to Turkey and Iraq.

Amir Moini added that if sanctions are lifted, Iran could attract investors, develop fields, and potentially expand into new gas markets. He said Pakistan could become a key export destination in such a scenario, citing existing agreements that could be finalized under improved conditions.

He also said that in a long-term scenario-over the next decade-liquefied natural gas (LNG) exports could become a strategic priority if sanctions are removed. However, he stressed that this would require advanced technology and substantial investment, making it unrealistic under current conditions given rising domestic demand.

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