During a meeting on the sidelines of the 21st
Russian Oil, Gas and Petrochemical Exhibition on Monday, April 18, Morteza
Shahmirzaei called it important to hold such events to expand cooperation
between Iran and Russia.
He noted that there are 5,600 kilometers of
coastlines in the north and south of the Islamic Republic of Iran, and added:
“The existence of numerous ports on these coasts has provided and facilitated
the exchange of products and activities of oil, gas, petrochemicals and other
industries for the country.”
The CEO of the National Petrochemical Company
continued: “Iran sits atop more than 159 billion barrels of oil reserves and
about 33 trillion cubic meters of natural gas.”
Shahmirzaei, stating that currently one
billion cubic meters of gas is bring produced on a daily basis in Iran and its
crude oil production capacity is about 4 million barrels per day, said: “Part
of this output is consumed as feedstock for Iran's petrochemical industry.”
He considered access to abundant feedstock
backed by these oil and gas reserves as a unique advantage for the development
of the petrochemical industries in Iran, and said: "I invite the companies
present in this exhibition to take advantage of these opportunities to invest
in petrochemical projects and other projects.”