NIOC Expands Private-Sector Investment in Upstream Oil and Gas

National Iranian Oil Company (NIOC) is seeking to expand private-sector investment in upstream oil and gas through new financing mechanisms, according to an official. The company aims to attract more foreign investment by offering partnerships, guarantees, and digital platforms.

The move is part of a broader effort to boost Iran's upstream oil and gas sector. NIOC has been actively working with the private sector to increase investment in exploration and production activities.

While details on specific financing mechanisms and partnerships are scarce, the company's official statement suggests that digital platforms will play a key role in attracting foreign investors.