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.

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The official also stated that the capacity of cold storages in Bushehr province is increasing by over 130 percent.

Mentioning the 11-percent growth in the agricultural output of the province, Omrani put the annual agricultural production of Bushehr at 1.584 million tons.

While the agriculture sector plays a significant role in the promotion of the Iranian economy, drought in recent years has prevented this sector from being developed as expected.

To tackle this condition, the Agriculture Ministry has taken some measures and defined some programs, such as the improvement of irrigation systems.

One of the major programs that the ministry has defined and is seriously pursuing is the development of greenhouses throughout the country.

As reported, 80 percent of the country’s greenhouse fruits and vegetables are exported.

The significance of boosting agricultural export is obvious when taking the country’s recent approach to boost non-oil exports into account. The development of greenhouses is a very fruitful measure in this due.

Production of products in the greenhouses is today one of the most profitable methods in the agriculture sectors of the countries, in a way that they have defined it as one of their major production strategies because while greenhouses provide stable production of high-quality products, developing them is a proper way for tackling drought and for optimal use of water resources.

In Iran, the need for the development of greenhouses is now highly recognized, as the country is seriously following up on two main objectives of strengthening domestic production to achieve self-reliance, and boosting non-oil exports.

While many supportive measures are being taken to this end, Iran should also benefit from the experiences of those countries that enjoy significant achievements and progresses in the field of greenhouses.

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In addition to paying the mentioned fines, those miners must also compensate for the damages they cause to the electricity network, Mostafa Rajabi Mashhadi added.

This year, electricity supply is facing two issues: reduction in the power generation of hydropower plants due to reduced rainfall and mining cryptocurrency using household electricity.

Unauthorized mining of cryptocurrencies creates problems in supplying electricity due to the damage to the local power grid and transformers, Mashhadi Rajabi noted, adding continued activity of these miners will definitely make the power supply more difficult and there is a possibility of blackouts due to the damage they cause.

Following the Iranian government’s approval of cryptocurrency mining as an industrial activity in 2019, numerous companies started mining cryptocurrency across the country thanks to the extremely low-cost electricity, and now Iranian power plants started to see this industry as an opportunity to increase their revenues.

In January 2020, the Ministry of Industry, Mining and Trade issued 1,000 plus licenses for cryptocurrency mining units.

With cryptocurrency mining taking a toll on Iran’s electricity industry, energy authorities voiced concerns about the enormous pressures exerted by such activities on the electrical grid, so some power plant companies proposed to offer their excess electricity exclusively to the cryptocurrency miners.

In order to reduce the pressure on the national grid, the government agreed to the proposal but said the power plants will not be able to benefit from the government subsidies on their fuel supplies.

In last July, Rajabi Mashhadi announced that Power plants were also allowed to mine cryptocurrencies.

He said that entities have to apply for the necessary licenses from the Industry Ministry and comply with the tariffs set for crypto mining.

Following the mentioned announcement, the head of Iran’s Thermal Power Plant Holding Company (TPPH) announced that his company is going to hold a tender for offering the electricity output of three power plants for cryptocurrency mining.

“The Necessary equipment has been installed in three power plants of Ramin, Neka, and Shahid Montazeri, and the auction documents will be uploaded on the SetadIran.ir website in the near future,” Mohsen Tarztalab said at the time.

Tarztalab noted that creating stable sources of income has become one of the main goals of Iran’s electricity industry in recent years, explaining: “Unfortunately, constant price hikes and the obligation for supplying electricity with stable prices to subscribers have caused a large gap between revenues and expenditures in the country’s electricity industry, and we need new sources of income to fill this gap.”

He pointed to the sale of electricity to cryptocurrency miners as one of the ways to earn money in the electricity sector and said: “According to the laws and regulations announced by the cabinet and the Energy Ministry, we have been allowed to allocate some capacity of our power plants for mining cryptocurrencies.”

According to Tarztalab, the TPPH is only going to use the power plants’ expansion turbines for the mentioned purpose because they do not consume liquid fuels like gas oil, and only natural gas, which is cleaner, is used as fuel in these turbines.

These turbines are not connected to the national grid and the electricity generated by them is only used by the power plant itself,” he added.

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Passengers can go on four to five-day tours paying $200 to $500, he said, the tours take 12 hours to 20 hours depending on weather conditions and the speed of the ships.

Iran has recently established or reactivated a number of sea travel routes, which is expected to lend a hand to the tourism sector that has fallen victim to a foreign currency crisis caused by sanctions.

As unilateral US sanctions against Iran snapped back, pressuring the country’s limited foreign currency reserves, the Islamic Republic is increasingly paying attention to marine travel as a major way of boosting its underdeveloped tourism sector.

As Arjmandzadeh announced previously, since sea travels in the Bushehr Province had been limited to nearby Iranian Kharg Island in recent years, authorities have planned to expand the route, and also take passengers to ports in Saudi Arabia and Bahrain in future.

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The official added that 18 packaging and processing units for fisheries are currently active in the province to boost the exports of seafood.

Iran’s shrimp farming has been increasing during recent years as a highly profitable industry. The export of the aquatic animal is envisaged to reach 30,000 tons this year.

The country offers its shrimp in several European and Asian markets, including Vietnam, UAE, Qatar, Russia, France and the UK.

Iran’s total seafood production stood at more than 1.2 million tons in the fiscal (2017-2018), indicating a 9.9% increase compared with the year before. Around 724,817 tons of the total sum were harvested from the sea and the remaining 477,269 tons were produced in aquatic farms.

According to Hassan Salehi, the head of Iran Fisheries Organization, “Iran is the 24th biggest producer of seafood in the world.”

Some 230,000 people are employed in Iran’s seafood sector.

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According to earlier reports, having Negin port project implemented, the container loading and unloading capacity for Bushehr Port will be increased up to 600,000 TEUs.

This is twice its current capacity, making it the country’s second biggest container port after Shahid Rajaee Port in Hormozgan Province, reports say.

In an official visit to the southern province of Bushehr, President Hassan Rouhani in January 2015 launched the construction of Negin Island seaport, as part of the Bushehr Port development project.

The port is constructed on 200 hectares of the island’s 470-hectare area.

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He said production of methanol would increase by 2021 in Iran, adding that completion of various phases of South Pars gas field had added to feedstock supply of petrochemical plants operating in the region.

Iran shares South Pars with Qatar in Persian Gulf waters.

Petrochemical is Iran’s most important industry after oil and gas. The National Petrochemical Company hopes to lift output capacity to 120 million tons per annum by 2022.

In the March 2018-19 fiscal, Iranian companies exported $14.1 billion worth of petrochemicals. Official data has it that petrochemicals account for 32% of Iran’s non-oil exports.

The petrochemical industry has played a key role in domestic economic growth as it creates value-added and reduces the sale of oil and gas on which the economy has been dependent for decades.

With abundant hydrocarbon reserves and new private sector investments, Iran is working hard to maintain its global status in the key sector and broaden its scope.

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Eslami was in Bushehr province to  accompany Iranian President Hassan Rouhani who was there to inaugurate a number of projects.

Negin Island is a small sedimentary piece of land near Bushehr city. Authorities are planning to turn the island into a maritime hub through port construction. Linking Negin Island to Bushehr Port is expected to significantly increase commercial activities in the region.

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He was accompanied by Minister of Interior Abdolreza Rahmani Fazli, and Head of Planning and Budget Organization Mohammad Bagher Nobakht.

During the one-day visit, Rouhani is scheduled to meet with the people of Bushehr at Bandar Kangan stadium, and take part at an administrative council meeting.

Atop his agenda is to inaugurate four new phases of South Pars gas field in the Persian Gulf, as well as to issue the order for commencing the operation of a number of projects in Bushehr province, such as a 50,000t-berth container port on Negin Island in the Persian Gulf.

Ministers of energy, agriculture, industry, health, ICT, as well as heads of cultural heritage organization, and officials from the national gas company will open several important infrastructure projects in Bushehr today.

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