Rostam Qasemi, Iran’s Oil Minister said that with $ 250b investments in oil industry spring for oil industry would come.
“Oil Industry Producers Protection Fund will be established for bypassing sanctions,” said the Minister. Addressing the audience in Fourth Festival on Oil Industry Research and Technology , Qasemi pointed to the settling the extraction issue in most of Iran’s shared oil and gas fields, and added that natural gas production from South Pars field will exceed 750Mm3 and gas fluids will exceed 1.2M barrels daily.
Oil Minister also added that a comprehensive and strategic plan had been defined and operationalized to tackle the problem of ever-increasing sanctions. “In the plan, for all developmental axes, including oil, gas, and petrochemical industries, measures have been taken to build refineries and improve production capacity,” he asserted.
He also said that no country would resist pressures from mounting sanctions on its oil and gas industry other that Iran. “In the current situation, more than 105,000 people work in South Pars project,” he added, believing this large number of workers indication that oil and gas embargoes have not been working.
“After years, a new record in shared gas field has been registered,” he asserted. Oil Minister pointed to operating of Council of Domestic Manufacturing in Oil Ministry, saying that “a ploy by the Ministry to bypass sanctions has been establishment of Council of Supporting Domestic Manufacturing in Oil Ministry.”
“It is expected that with supports for domestic manufacturers of Oil Ministry, domestic technologies are produced and commercialized,” the Minister added. “Enough production capacities are other advantage against sanctions,” he continued, saying that “along with increasing petrochemical productions, in higher industries also we need more plans.”
He also said that $ 250b worth projects have been operational in oil industry, and that “at current situation, oil industry projects are called ‘development spring’.”
SH/EA
MNA
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