Speaking to
reporters on the sidelines of a ceremony to sign a contract for completing the
development of South Azadegan Oilfield on Monday, Zangeneh said 25 million tons
would be added to Iran’s petrochemical production capacity this year which is
unprecedented in the industry’s history.
He said
production capacity of the country’s petrochemical sector would reach 100 by
2021 from currently 66 mt/y which would be marked as the second petrochemical leap
in the country.
The official
further said, "Soon, nine contracts for the maintenance and enhancement of
oil production (EPC/EPD) will be signed with Iranian companies and the Oil
Research and Technology Fund will be activated.”
The official
further said that 9 EPC/EPD contracts would be signed with local firms in the
near future, adding the Oil Research and Technology Fund would also be
activated.
He also touched
on the Azadegan contract, saying the project would bring the joint field’s
productivity to 320,000 b/d from currently 140,000 b/d.
Moreover, 200 mcf
of natural gas would be produced in the project which would be used to feed the
NGL 3,200 plant.
“Our priority is
the development of joint fields, the most prominent of which are the fields in
West Karun region and the South Pars gas field,” he said.