Tehran (IP) - Iranian President said that the world and the US would kneel down to Iran because of the country's resistance.

Iran Press/Iran News: Speaking at the Inauguration Ceremony of Azar oil field’s development project in Ilam via videoconference, Hassan Rouhani said: "Oil and petrochemical industries are critical to us and these industries are considered as political and economic industries." 

Rouhani said that during the last three years, the country's budget and the economy were with the least oil dependency.

Rouhani noted that all country's industries are deeply dependent on oil without which many activities like transportation and power will face problems.

Hasan Rouhani said that Iran's non-oil export had reached 31 billion dollars, and we hope it would increase in the future.

While challenging with sanctions and COVID-19 for exporting our products, the petrochemical industry has boosted the country's budget.

"The world and the US will kneel down to Iran because Iran has resisted. They have confessed that maximum pressure against Iran has failed," he added.

The Joint Comprehensive Plan of Action (JCPOA) was so great that the whole world tried to destroy it, and Donald Trump implemented the Zionists' policies in the region, President Rouhani added.

Azar Oil Field Development Project launched 

Rouhani officially inaugurated Azar Oil Field Development Project in western Iran early Monday via videoconferencing in the presence of the Director of the Development Projects of Azar Oil Field Keyvan Yarahmadi.

Providing national interests, creating employment opportunities for local people, economic prosperity, and infrastructure development in Ilam are among the prominent indicators of launching the Azar Oil Field Development Project.

With 2.5 billion barrels of oil reserve, Azar Field is located in the Anaran exploration block in Iran's western region of Mehran along the border with Iraq.

The field is developed jointly by Oil Industries Engineering and Construction (OIEC) and Oil Industry Pension Fund Investment Company (OPIC) under the supervision of Iran's Petroleum Engineering and Development Company (PEDEC).

Dewatering, desalination, and detecting Hydrogen Sulfide (H2S) are the processes done on produced oil by the Azar oil field.

Over 75 percent of the project's equipment is domestically-made, and 55 percent of the workforce were also Iranian.


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