Oil Industry Progressing Despite Sanctions TEHRAN Jul 06: Despite intensifying unfair sanctions against our country, development of oil and gas is underway and Islamic Republic of Iran has achieved great breakthroughs during the 9th and 10th administrations rule since 2005. Addressing at the Friday Pray ceremony, Iranian minister of petroleum, Rostam Qasemi, made the remarks adding development of 17 phases are underway at South Pars gas field, of which 5 phases will come online in September. He continued: when we want to evaluate the performance of oil industry we should take into account sanctions noting despite sanctions more than 100 thousand people are engaged in activities related to development of South Pars gas field. Qasemi stated that bulk of the equipment and items needed by ongoing oil and gas projects is provided by domestic manufacturers and experts who have come together in scientific and research centers. Qasemi noted that the figures indicate that economic performance of the 9th and 10th administrations was positive in view of oil and gas activities with huge investments in the sector. ‘Sanctions against the country that dates back to several years ago have been intensified recently with the aim of halting Iran’s oil exports’, Qasemi said. He said: Iran’s enemies created many problems for selling and transfer of Iran’s oil and banned oil tankers from berthing in Iran’s ports and at the same time revoked oil tanker insurance. Referring to dependency of the country to American and European made oil industry equipment, the minister said: the enemies even don’t respect their commitments. there are contracts that dates back to five years ago for building an oil refinery in Iran, but the enemies warned the involved companies they should leave Iran otherwise their managing directors would be sentenced to 20 years in prison. He continued despite all these pressures, development of oil industry is underway and oil transfer by oil tankers has been settled. Describing massive turnout in Iran’s presidential elections surprising, Qasemi said: we are seeking interaction with the world and while Iranian nation elected a president whose slogan was interaction with the world, it was expected the U.S have postponed new sanctions. On gasoline production, Minister of Petroleum said prior to sanctions, the country imported billion of dollars of the product but today several oil refineries have come online and meet domestic needs while new ones will be inaugurated in the near future. ‘in view of gasoline production we have made progress both in quality and quantity so that domestic oil products being produced in the country have the best quality while in view of quantity, the country has reached the point that is able to export oil products. Qasemi added by launching Bandar Abbas oil refinery, Iran will start exportation of gasoline to the region amid big strides has been taken towards selling gas so that in making revenue the share of gas is on the rise. In connection to petrochemicals, Qasemi noted that building of 70 petrochemical plants is underway that upon launching will raise nameplate production of petrochemicals from 60 million to 100 million tons per year.
Posted on: Sun, 07 Jul 2013 09:32:50 +0000
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