The Deputy Minister of Oil for Engineering, Research and Technology stated that more than 80 percent of the country's first-time production projects have been implemented with the support of the Ministry of Oil, and said: "The approach of supporting domestic production has always been among the main policies of the Ministry of Oil."
The financial director of the National Oil Company said: "Global oil prices have decreased by about 21 percent in recent months compared to previous periods, which is a significant figure, but the Ministry of Oil has partially compensated for the decline in prices by increasing export volumes and reducing discounts."
The CEO of Petropars Group announced the successful completion of the drilling of the 10th well of South Pars Platform B Phase 11 and said: By connecting this well to the circuit, the country's gas extraction capacity will be increased by about 2.5 million cubic meters per day.
The director of the 8th refinery of South Pars gas complex announced the production of more than 13 billion cubic meters of sweet gas in 9 months of this year and said: This amount of production has made a decisive contribution to the stability of gas supply to the domestic, industrial and power plant sectors of the country.
Emphasizing the strategic role of the petrochemical industry in the country's economy, the presidential adviser on economic cooperation announced: by facilitating investment processes, eliminating bureaucracy and using micro-currency capital and the capacity of knowledge-based companies, the petrochemical industry can become one of the most important drivers of wealth creation and economic growth in Iran.
With huge reserves of natural gas, extensive petrochemical infrastructure and several decades of experience in the production of basic products, Iran has the capacity to establish its position in the world's new energy chain through the development of alternative fuels and energy carriers such as ammonia, LPG, LNG and methanol. These products are not only fuel, but also geo-energetic tools and added value creation engines.
The vice-chairman of the Energy Commission of the Islamic Council said: "The opening of the second row of the central processing unit of the South Azadegan common field by increasing the sustainable capacity of processing, stabilizing production, strengthening the transmission chain and creating employment, plays a key role in the sustainable development of West Karun and the resilience of the country's oil industry."
The former representative of Iran in the OPEC executive board, emphasizing the fading effect of geopolitical shocks on the global oil market, said: In recent years, the oil market has moved away from pricing based on fear and tension and has moved towards valuation based on fundamental factors such as supply, demand, storage level and excess production capacity.
The Director of Industrial Equipment and Process Machinery Repairs at the National Southern Oilfields Company, explaining the missions and performance of this management, said: "With proactive planning, localization of strategic parts, and the round-the-clock efforts of operational forces, more than 63 percent of the annual overhaul plan was achieved in 1404; an unprecedented achievement that has played an important role in production sustainability, flaring reduction, and environmental protection."
The spokesman for the Parliament's Energy Commission announced: "The launch of the second tier of the central processing unit of the South Azadegan Joint Field is an effective measure to compensate for the backlog, increase oil production, and neutralize sanctions in the current situation in the country."
