TEHRAN (Iran News) – Oil Minister Bijan Zanganeh says the government pays almost $70b of subsidies annually for the gas and liquid fuel in the country.
Addressing the opening ceremony of the Oil and Gas Industry Innovation and Technology Park, Zanganeh said almost 80 percent of remarks in the country are nonsense, reiterating that the most important factor in the industrial development is the entrepreneur and not the scientists because this is the entrepreneur and innovative person who makes an enterprise successful and this is seen among the youths.
He said in his days in the oil industry he has done a great deal for developing technology, and reiterated that the most important issue is the approach and vision.
Zanganeh went on to say that today the oil industry has no problem in the field of education and good forces are trained. He went on to say that start-ups are crucial in optimizing the oil industry in different fields of engineering and technology. He noted that the government pays annually $70b of subsidies for the energy sector.
He noted that 1.5m barrels of liquid fuel is consumed domestically which makes 540m barrels per year and with the current price of $65 for per barrel of oil, it will make $35b per year.
Zanganeh also said that gas consumption in the country is around 300b cubic meters per year and with the price of 16 cents per cubic meter of gas, it will cost the country $37b. He stated so the government just pays around $70b of subsidies for these two energy items and if the subsidy for electricity is added, the figure will be amazing.
He added that launching such parks and paying attention to the startups can boost the oil industry in the country.
Meanwhile on the sidelines of the ceremony, he once again reiterated that hiking the price of gasoline in November 2019 was not a unilateral decision by the government but it was decided by all three branches of the establishment and which was endorsed by the Leader and the establishment.
Meanwhile five cooperation agreements were signed between the Oil Industry Innovation and Technology Park with the Ministry of Science, Isfahan Scientific and Research Development, Shiraz University of Technology and Amirkabir University of Science and Technology.
The agreements were signed on Monday, on the sidelines of the opening of the Oil Industry Innovation and Technology Park.
The first agreement was the Technology Grant Agreement, which was signed between the Oil Industry Innovation and Technology Park and the Ministry of Science, Research and Technology.
Then, the agreement to establish a joint campus between the Park and Isfahan Scientific and Research Development and then, three agreements on the establishment of a joint innovation and growth center, were signed between the Park and Shiraz University of Science, and Amir Kabir University of Technology.
The Oil Industry Innovation and Technology Park, which was established with the support of the Ministry of Petroleum and with the aim of developing technologies and expanding constructive cooperation between ecological innovators and technologists related to this industry, was inaugurated this morning (Monday, June 14) in the presence of the Minister of Petroleum, Deputy Minister of Science and Technology and a group of senior oil industry executives and industrialists.