Iran President invites foreign investors in energy projects


Anjali Sharma

GG News Bureau
Iranian President Ebrahim Raisi on Sunday made remarks at the seventh GECF Summit in the Algerian capital Algiers, according to a statement published on the President’s office website.

Raisi has invited international investors and the member states of the Gas Exporting Countries Forum to participate in the country’s energy projects.

He noted that Iran welcomed GECF members to start systematic cooperation in making joint investments for exchanging information and experience in gas extraction, processing, transfer, trade and related technologies, Xinhua news agency reported.

Raisi added that Iran has huge natural gas reserves, a favorable geographical position regarding gas transit and advanced technological capacities.

He said Iran is ready to become an energy hub and a safe route for gas distribution and transfer between producers and their target markets.

According to the Energy Information Administration affiliated with the US Department of Energy, Iran sits on the world’s second-largest gas reserves.

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