TEHRAN (Iran News) – Completing Unfinished Projects, Main MOP Agenda. Oil Minister Javad Owji said completion of the petroleum industry’s half-finished projects is the main concern of the Raisi administration.
Speaking during a visit to the western province of Kohgiluyeh and Boyer-Ahmad on Friday, Mr. Owji said the province sits atop 13% of the country’s oil and gas reserves, adding, “We will start the development and maintenance plans of Gachsaran 1 and 2 oil fields, Gachsaran 3 and 4 oil fields and Bibi Hakimeh field with an increase in production by 40,000 barrels per day and the investment volume of these three fields is about €260 million Euros.”
Owji announced that the projects will begin in the coming weeks and will be operational in two and a half years.
He also said over 62 corporate social responsibility plans are scheduled to be implemented in Kohgiluyeh and Boyer-Ahmad.
During a visit to the province on Friday, Owji said the province’s oil production capacity stands at 620,000 b/d while it sits atop 13% of the country’s oil reserves.
Emphasizing the need to support the people living in the areas where the oil industry operates, the Minister of Petroleum stated: “More than 62 social responsibility projects are being implemented in Kohgiluyeh and Boyer-Ahmad.”
“I believe that industrial towns have a good capacity, and if the oil industry is to develop, the power of these towns must be used,” Owji said.
He further said, “Given the efforts of the Persian Gulf Petrochemical Industries Company (PGPIC) and the allocated credit, I promise you that this project will be operational by September 2022.”
Owji, stating that the operation of this project will create employment and favorable income for the province, also referred to the development of the petrochemical chain, and said: “Part of the ethylene produced by Gachsaran Petrochemical Complex will be used to feed the petrochemical unit located next to this complex.”
He announced the annual production capacity of this petrochemical complex as one million to one million and 200 thousand tons of ethylene, noting: “The proposal to build a petrochemical unit next to this complex has been given to help eliminate poverty in the county.”
