Investing petrochemical companies in gas fields to solve the country’s gas imbalance

According to Energy Press, Ahmad Mahdavi Abhari stated in a press conference today (Monday) that the petrochemical industry is the country’s most advantageous industry and stated: This industry plays a fundamental and significant role in non-oil exports and the capital market, therefore, the development of this industry should be developed in order to increase Exports, foreign exchange and creation of sustainable employment helped.
He stated that an increase of 35 million tons in the capacity of the petrochemical industry has been considered in the 7th development plan, adding: while the capacity of the industry has increased to 96 million tons in the previous 6 development plans, that is, an average of 17 million tons per year, so the increase About doubling the capacity of the petrochemical industry in a five-year period and the realization of this program requires requirements and infrastructure.
The Secretary General of the Petrochemical Industry Employers Association emphasized: Since the beginning of the seventh development plan, this association has tried to provide the necessary infrastructure for the development of this industry in the government and the private sector, which is one of the requirements.
An increase of 200 million cubic meters of gas production with an investment of 8 billion dollars by petrochemical companies
Referring to the fact that petrochemical companies have signed 10 field development agreements with the National Iranian Oil Company in order to provide sustainable feedstock and resolve the gas imbalance in the country, Mahdavi Abhari said: “With the finalization of these contracts, about 8 billion dollars will be invested in the country’s gas fields, which is nearly 200 million cubic meters will be added to the country’s gas production.
He continued: “Also, in the field of saving gas consumption in the country, we are looking to buy the amount of gas saved by the people in the cold season of the year at the price of petrochemical feed, which will be about one and a half dollars per cubic meter. . With the success of this project, this program will be implemented in other provinces as well.
The Secretary General of the Petrochemical Industry Employers Association in describing the performance of the petrochemical industry in the first 6 months of 1403 stated: The production of this industry increased by 8% from 38 million 200 thousand tons in the first 6 months of 1402 to 41 million 200 thousand tons in the first 6 months of this year.