U.S. Shale Gas No Threat to Iran’s Petrochemical Industry
TEHRAN (Dispatches) - Iranian Deputy Oil Minister Marzieh Shah-Dayee on Sunday said she does not perceive U.S. shale gas as menace to the country's petrochemical industry.
"American shale gas cannot be deemed a threat to development of Iran’s petrochemical industry for at least a decade," Shah-Dayee said.
She said that due to the available 10-year plans in the Iranian industry, most of the investments will be made on the basis of gas feedback.
Earlier, a senior official in Iran's Research Institute of Petroleum Industry (RIPI) said the country enjoys vast shale gas reserves in the western province of Lorestan.
"American shale gas cannot be deemed a threat to development of Iran’s petrochemical industry for at least a decade," Shah-Dayee said.
She said that due to the available 10-year plans in the Iranian industry, most of the investments will be made on the basis of gas feedback.
Earlier, a senior official in Iran's Research Institute of Petroleum Industry (RIPI) said the country enjoys vast shale gas reserves in the western province of Lorestan.