Addressing a ceremony to launch several oil, gas and petrochemical
projects via video conference on Monday, he said: "Despite the sanctions
and external pressures, the oil industry has advanced the exploitation of
He said an investment of 4.7 billion Euros was made in the projects
which include the first phase of Bushehr Petrochemical Plant, Iran gas
pipelines 6 and 9 as well as a power plant in West Karoun oil fields cluster.
He said €3.1 billion of the investment concerned the
pipelines which will allow Iran to enhance its gas export capacity.
The official also said that inauguration of the
projects would be in line of realization of the economy of resilience, preventing
sale of crude oil and gas and completion of the value chain.