Oil Ministry Welcomes any Kind of Investment
Oil Ministry Welcomes any Kind of Investment
Oil Minister Javad Owji said: "We welcome any domestic and foreign investment for development of gas fields with the priority of maintaining the production of the South Pars gas field; as the current trend continues, we will become gas importers in the coming years.”

TEHRAN (Iran News) – Oil Ministry Welcomes any Kind of Investment. Oil Minister Javad Owji said: “We welcome any domestic and foreign investment for development of gas fields with the priority of maintaining the production of the South Pars gas field; as the current trend continues, we will become gas importers in the coming years.”

Javad Owji on Thursday evening in a joint meeting with oil industry managers in the Pars Energy Special Economic Zone,  said: “Supply of fuel for the winter is one of the current priorities of the oil industry and it has been predicted that we will face a 10% increase in gas consumption this year.”

He expressed hope that by reviewing and following up on affairs, the country will be able to overcome the winter fuel challenge without any problems.

The oil ministry stated that favorable measures have been taken in the petrochemical industry so far and this industry has met a large part of the country’s hard exchange needs in recent years.

“Vaccination of all oil industry workers has been seriously considered, and I recently told the president that oil industry workers have been greatly overlooked in this regard,” he said.

Owji said the first train of the phase 14 refinery of the South Pars gas field would come on stream in the winter this year.

Meanwhile speaking to reporters during a visit to Assaluyeh on Friday, Mr. Owji said, “I thank God that I succeeded in making my first business trip to Assaluyeh region as the Iranian Minister of Petroleum; over the course of this trip I visited gas refineries, petrochemical complexes and platforms of South Pars.”

He considered the supply of winter fuel as one of the most important concerns of the Oil Ministry at present, and added: “More than 700 million cubic meters or in other words 70% of the country’s gas consumption is supplied from Bushehr Province and the South Pars refineries.”

The Oil Minister noted last night’s meeting with the managers of the oil industry in the Pars Special Economic Energy Zone and positively evaluated the meeting, saying the latest state of the refineries and ongoing projects in the region were the focus of the meeting.

Owji expressed hope that with the decisions taken this year, the maximum production and recovery of gas from the South Pars joint field will be achieved.

 

He underlined the South Pars Refinery Phase 14 as the last refinery to come on stream, and added: “Our comrades have promised that the first gas sweetening train South Pars Refinery Phase 14 will be put into operation this winter and will help the country’s gas network.”

The oil minister arrived in Assaluyeh on Thursday evening on his first business visit in his new post, and after attending the tomb of the anonymous martyrs of Assaluyeh, examined the gas and petrochemical projects based in the area in a meeting with the relevant managers in the Pars Energy Special Economic Zone.