Petroleum Minister:

25 Giant Oil Projects to Come on Stream

Date: 13 May 2022 - 22:36

News ID: ۱۰۲۴۹۷

TEHRAN – Iranian Petroleum
Minister Javad Owji said on Friday that construction operation of a number of 25 giant oil projects will start in the current Iranian calendar year in 1401 (started March 21, 2022).
Iranian Oil Ministry is making its utmost effort to complete and put into operation a number of 48 prioritized macro- and semi-finished projects, costing $13 billion, in the oil industry by the end of the current year, the Owji said.
Speaking at the inaugural ceremony of the 26th International Oil, Gas, Refining and Petrochemical Exhibition of Iran (Iran Oil Show 2022) in Tehran on Friday, the minister said, “As one of the most prestigious exhibitions in world’s oil industry, Iran’s oil industry exhibition is a platform for interaction of domestic and foreign activists in this field.”
He pointed to the motto of the exhibition entitled “Knowledge-based Oil, Iranian Production, Global Export” and stated that turning oil industry into knowledge-based one and paying attention to domestic manufacturing of oil equipment are the main priority of the Ministry of Oil.
Participation of 23 universities and research centers, more than 100 knowledge-based companies, startups, scientific and technology parks in this edition of the exhibition is a sign of seriousness of the Ministry of Oil in this regard, he underlined.
He then pointed to the motto of the current year named after by Leader entitled “Production: Knowledge-based, job-creating” and said that selection of the motto by the Leader has doubled the responsibility of the ministry to a great extent to realize its objectives.
The Ministry of Oil is seeking to activate the innovation centers in the vicinity of universities and academic centers as well as establishment of knowledge-based companies and startups in the Petroleum Technology Park, the oil minister added.
Elsewhere in his remarks, he pointed to the tough sanctions imposed against the country and stated that confronting sanctions and boosting strong energy diplomacy is one of the priorities of the ministry.
Under the current circumstances, Iranian oil industry is at the forefront of economic battle as well as confronting enemy in this field, Owji added.
“We have to pay special attention to knowledge-based firms and develop their activities in the oil industry,” he stressed.
The 26th International Oil, Gas, Refining and Petrochemical Exhibition kicked off during an opening ceremony at Tehran’s Permanent Fairground on Friday and will run through Monday, May 16.
The four-day exhibition will be host to 1,200 Iranian and 44 foreign companies or their agents.
Apart from domestic participants representing Iran, foreign companies are from Italy, Spain, the United Arab Emirates, South Korea, Switzerland, Germany, Ukraine, South Africa, and Belgium.
The companies and other participants are showcasing their latest achievements and products in 908 pavilions, of which 815 are the stands for companies, 23 for universities as well as scientific and research centers, and 70 for knowledge-based firms, startups, and industrial parks.
In addition, 27 expert-level sessions revolving around the topics of “knowledge-based firms, energy policymaking, future of gas market, new means for financial supply, and other main issues in the oil industry” will be held.
Of the expert-level sessions, eight will shed light on the oil industry’s needs in upstream and downstream sectors, calling for the participating knowledge-based firms to help meet them.