News ID: 99865
Publish Date : 09 February 2022 - 21:54

Iranian President Launches New Gas, Petrochemical Projects

TEHRAN – The Iranian President Ebrahim Raisi inaugurated a series of gas and petrochemical projects on Wednesday.
During a visit to the National Iranian Gas Company, President Raisi inaugurated the gas dispatching and petrochemical projects in the provinces of Khuzestan, Kermanshah, South Khorasan, Fars, and Sistan and Baluchestan.
Addressing the ceremony, Raisi said the country’s oil, gas and petrochemical industry has great potential for development.
By identifying the existing capacities in these sectors, Iran can have a superior and higher position at the regional and global level, he stressed.
Today, 43 years after the victory of the Islamic Revolution, great steps have been taken for the development of the country, he also said and stressed, “We are determined to continue this process more rapidly.”
Coming into operation with 40 trillion tomans in financing, the new projects would supply natural gas to 14 cities, 1,459 villages, and 4,104 industrial plants.
In a report given to the president during the event, the oil minister said nowhere in Iran has experienced gas outage this year despite the cold winter and record-breaking rates of gas consumption.
Last month, Petroleum Minister Javad Owji hailed a dramatic rise in the country’s sale of oil products in the first 10 months of the current Iranian year, predicting that 1.2 million barrels per day of oil would be sold in the next year.
Foreign exchange incomes generated by the export of oil, gas condensates, petrochemical products and natural gas have experienced a dramatic increase during the first 10 months of the current Iranian year, he noted.