TEHRAN (Iran News) – The CEO of the National Iranian Oil Company says talks for signing deal for import of gas from Turkmenistan are in the final stage and the talks for renewing contract for export of gas to Turkey are also underway.
Speaking in a press conference and touching upon the time for resumption of gas import from Turkmenistan, Mohsen Khojaste Mehr said the deal is being finalized and talks are progressing well. He also said that talks with Turkey for renewal of gas exports to this country are underway.
The CEO of the National Iranian Oil Company also stressed the need to absorb and transfer technology in the company, and said: “Underground capital is not our (Iran’s) competitive advantage. It can be an advantage when we can recover it.”
Khojasteh Mehr said: “Today, there are a total of 1,200 billion barrels of crude oil equivalent of underground hydrocarbon resources located in 400 oil and gas reservoirs in Iran. The world has become more complex and the era of cheap oil production is over.”
Pointing out that in the current situation, less than 30% of the available resources can be extracted with the available technologies, the Deputy Oil Minister said: “This has a meaning; if we want to turn existing resources into wealth, we must use science and technology.”
Khojasteh Mehr, stating that science and technology bring both wealth and power, said, “If we are after power, we must get help from science and technology.”
“Since the victory of the Islamic Revolution, we have sold more than one trillion dollars of oil. The main question is: “What is the share of technology?””
He added: “In the National Iranian Oil Company, according to the emphasis of the upstream documents, we want to have a significant share to generate wealth from underground reservoirs, and in this way we must use technologies maximally.”
Khojasteh Mehr went on to say that the ministry will do its best to supply gas for the people in the winter but urged the people to be responsible in gas consumption by stopping overconsumption. He reiterated the households should manage their gas consumptions in order that the industries can have access to the gas supply and gas can also be exported and turned into the wealth.
On the developmental project of Phase 11 of South Pars, he said the project is progressing very well and very fast, adding that next year some part of the Phase 11 production will join to the grid.