According to president.ir, speaking on Tuesday during the
signing ceremony of the memorandum of understanding for the integrated
development of the joint Azadegan oil field between the National Iranian Oil
Company, banks and exploration and production companies, the president called signing
of a $7-billion memorandum of understanding for investment in the joint
Azadegan oil field as an example of mobilizing the country's domestic power,
and said: “One of the goals and reasons for the implementation of economic
reforms is to provide the basis for attracting capital in the field of
production.”
He considered the realization of the 8% economic growth
target to be dependent on the increase in investment, and added: “The work done
today is the result of the synergy and coming together of large economic
companies as drivers of the economy to implement the integrated development
plan of the joint Azadegan oil field as the first step in creating the ground
for capital attraction in the path of production and economic growth.”
The president considered the participation of banks as the
second step of this move, and noted: “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 spent on the prosperity and strengthening
of production bases, it will not cause any concern.”
Raisi underlined the oil and petrochemical sectors as two of
the most important sectors for attracting investment and boosting production,
and stated: “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 which
is an example of mobilizing domestic power and provides the basis for improving
the confidence of private sector investors and the people to participate in
such major projects.”