Thu Aug 18, 2022 23:32:29
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Dr Raisi at the signing ceremony of investment MoU in Azadegan shared oil field:

Oil, petrochemicals amongst most important sectors for attracting investment, boosting production/ Signing $7bn investment MoU in Azadegan oil field an example of mobilising domestic power

The President described the signing of a 7 billion dollar memorandum of understanding for investment in the shared Azadegan oil field as an example of mobilising the country's internal power and stated, "Directing liquidity in the direction of production growth, benefiting from technical power and attracting domestic investment are very effective in the economic growth and progress of the country”.

news id: 137766 -

Tue 05 - July 2022 - 23:03

Speaking on Tuesday afternoon during the signing ceremony of the "Memorandum of Integrated Development of Azadegan Shared Oil Field" between the National Iranian Oil Company, banks and exploration and production companies, Ayatollah Dr Seyyed Ebrahim Raisi described capital attraction and investment in the field of production boom and job creation among the most important needs of the country today, and said, "One of the goals and reasons for the implementation of economic reforms is to provide the basis for attracting capital to production”.
The president described the achievement of the 8% economic growth target to be dependent on the increase in investment and added, "The work done today as a result of the synergy and coming together of large economic companies as drivers of the economy to implement the integrated development plan of the shared Azadegan oil field is the first step in creating the fields of attracting capital in the path of production and economic growth”.
Dr Raisi described the involvement of banks as the second step of this move and stated, "Economic experts agree that creating liquidity is a cause for concern when it is not directed towards production, but if the increase in liquidity is used to promote and strengthen production bases, there will be no concern”.
The president said that one of the most important sectors for attracting investment and boosting production is the oil and petrochemical sector, adding, "What happened today was the signing of a memorandum of understanding between banks and large economic and technical companies for the implementation of a large oil project, in addition to providing resources for the implementation of a large project, is an example of mobilising domestic power and provides the basis for improving the confidence of private sector investors and people to participate in such large projects”.
Ayatollah Raisi emphasised that improving productivity should be taken into consideration along with attracting capital, and noted, "Increasing investment and improving productivity will lead to economic growth”.
The president stated that the conclusion of this memorandum should be taken as auspicious in order to synergise internal resources and capabilities, and said, "When big banks trusted by the people come to work in the implementation of such plans, the trust of the people and the private sector will also be gained in such plans”.
Dr Raisi considered the implementation of such plans as an example of the effort to realise the slogan of the year "production, employment, knowledge-based" and added, "Attracting large funds and resources of banks and large economic companies for the development and progress of the country is a source of confidence for the people and disappointing for the enemies”.
The President stated, "In recent years, investment in the basic infrastructure of the country, including railways and electricity and the like, especially oil and energy, was not done as it should have been, but in the Popular Administration, we did not wait for outsiders, and therefore the people will see the promising and proud results of these investments.

news id: 137766

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