TEHRAN (Iran News) – A senior official at Iran’s Persian Gulf Star Refinery (PGSR) said that the domestic companies operating in the oil and gas industry are receiving more support to help the country decrease impacts of the US sanctions.
Managing Director of the PGSR Emad Zarei said that the main policy taken by the company’s managers is to support domestic producers and suppliers, reported Fars News Agency.
“The approach has played a major role in developing production, increasing competitiveness and promoting the quality of products,” he added.
Zarei noted that sensitive parts like compressors and pumps are now made by domestic companies to decrease the impacts of the US cruel sanctions.
The PGSR, with a daily processing capacity of 360,000 barrels of gas condensate, is aimed at producing gasoline, diesel, gas condensate and jet fuel after being fully inaugurated.
The PSGR construction started in 2006 and its third phase was commissioned in 2018.
Oil Minister Bijan Namdar Zanganeh said on August 3 that the country will reach almost a full natural gas penetration rate next summer.
Zanganeh added more than 95 percent of all households in Iran would have access to natural gas once the current administrative government leaves office in August 2021.
He also said the figure, which he described as unique in the world, would be above a target set in 2013.
“We do not have such a level of extensive gas penetration in the world, this is an important infrastructure which people have a good grasp of it,” he said.
Iran is the largest holder of natural gas reserves in the world. It has significantly boosted production in recent years despite sanctions imposed by the United States on the country’s energy sector.
Growing production has become possible thanks to massive development plans in the sprawling South Pares gas field, the world’s largest gas reserve which is shared between Iran and Qatar in the Persian Gulf.
- source : Iran Daily