Iran Says It Remains Central to Global Energy Security

Iran Says It Remains Central to Global Energy Security
(Thursday, October 29, 2026) 19:46

TEHRAN, Oct. 28 (NIPNA) — Iran remains a key factor in global energy security and cannot be excluded from international energy calculations, Acting Oil Minister Hamid Bovard said, calling for greater regional cooperation and expanded investment in the oil and gas industry.

In an article published by Iran newspaper, Bovard said the establishment of the Gas Exporting Countries Forum (GECF) was a lasting initiative that had helped create an independent and influential institution in global energy policy. He said Iran’s active participation in the forum’s eighth summit in Moscow reflected its continuing role in international energy developments.

The global energy system is facing a complex period of geopolitical, economic and technological change, Bovard wrote, arguing that energy security cannot be achieved without security for energy producers, lasting peace in key energy-producing regions and effective international cooperation.

He said developments over the past nine months had demonstrated the importance of regional stability to global energy markets. Bovard accused the United States of contributing to instability through military action and support for Israel, particularly in the Middle East and around the Strait of Hormuz.

He also argued that restrictions on access to energy produced in the Persian Gulf were consequences of political decisions rather than natural disruptions, warning that continued instability could pose serious risks to future global energy security.

Bovard said Iran’s influence should not be measured solely by its production, exports or market share. The security of global energy supplies, he argued, depends in part on stability in the Persian Gulf, which he said should be maintained by regional countries through dialogue and without outside intervention.

Despite the tensions, Iran remained open to cooperation in oil and gas, Bovard said, adding that the country was prepared to support multilateral energy diplomacy and pursue projects intended to deliver shared benefits.

Iran holds the world’s second-largest proven natural gas reserves and occupies a strategic position along major energy corridors, he wrote. These advantages, alongside the country’s technical, industrial and human resources, provide opportunities to expand regional and international cooperation.

Bovard said Iran’s oil, gas and petrochemical sectors were open to investment partnerships, technological cooperation, trade and multilateral engagement, particularly through the GECF.

He added that the forum could help strengthen cooperation among gas-producing countries and support a more stable outlook for global energy markets.

 


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