Iran Press/Iran news: Javad Owji, during the Expo's inauguration, highlighted Iran's prowess in exporting technical and engineering services globally, showcasing the expertise of Iranian specialists and contractors.
Encouraging private sector involvement in the energy sector, Owji emphasized opportunities for investment in oil, gas, and petrochemical production. He revealed that five petrochemical complexes are poised for inauguration, underscoring Iran's resilience in the face of stringent sanctions.
Despite external challenges, Owji proudly stated that Iran has maintained robust oil exports, attributing this success to the nation's self-reliance and completion of 79 oil, gas, and petrochemical projects without external assistance.
This declaration of energy independence marks a significant milestone for Iran, showcasing the nation's determination, innovation, and resilience in the oil and gas sector, setting a commendable example for the global energy industry.
The minister noted that over 1,700 domestic and foreign companies are participating in this year’s event, as the increase in the number of participants makes every Iranian proud.
From the very beginning, the current government (13th government) has never waited for negotiations to remove international sanctions, Owji stated adding that in the past 2.5 years, relying on domestic new technology-based firms (NTBFs), Iran's oil industry has gained great achievements.
Stating that at the beginning of the current government, the amount of oil production and export was not favorable, the oil minister said: “Today, we have achieved such figures in this field that are hard for many to believe.”
“By the end of last Iranian year (March 19, 2024), we have completed about 132 unfinished projects worth $28.5 billion, and at the same time, we have started the implementation of 50 projects worth $47.5 billion,” he announced.
The minister went on to say that for the current Iranian year of 1403, a sum of 79 projects worth $16 billion will be completed and the implementation of 50 projects worth $25 billion will begin.
Pointing to the 54-million-cubic-meter increase in gas production, as well as a rise of 220,000 barrels in processing capacity and 10 million tons of petrochemicals in the last 2.5 years, the Owji said a large part of the achievements obtained thanks to the completion and exploitation of unfinished projects, some of which were delayed for more than 10 years. 204
