Iran safest Persian Gulf state for oil, gas investment

TEHRAN, Jul. 20 (MNA) – IOTC managing director has outlined Iran as the most dependable Persian Gulf littoral country for investments in oil and gas arenas.

Seyyed Pirouz Mousavi, Managing Director of Iran Oil Terminals Company (IOTC), made the remarks while pointing to high capacities of Iranian oil and gas industries.

He said these potentials offer great opportunities for investment in various oil and gas sectors.

“Henceforth, all existing capacities in Iran Oil Terminals Company will be exploited in line with development, economic prosperity, increased investment by the private sector as well as maximum attraction of foreign investment,” he underlined.

Mousavi pointed out that the information needed to motivate investment in the area will be places at disposal of domestic and foreign investors; “Persian Gulf waterway remains as the most risk-free maritime corridor.”

He praised border guards, Iran Navy as well as Islamic Revolution Guards Corps (IRGC) for establishing security in the seas and territorial waters of the country saying “facilities at IOTC’s installations, terminals and oil reservoirs have been fully upgraded and improved.”


News Code 118227


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