Javad Owji told a meeting of Iran’s representatives abroad that Iran’s
petrochemical industry had earned $14 billion from exports last year and that
it had become self-sufficient in producing most of the catalysts it needed.
He said Iran’s oil and gas industry needed investment for development
and that it had offered a new model of contracts that would be appealing and
sweet for investors.
“I believe there is no project for investors sweeter than investing in
the oil, gas and petrochemical industry today,” he said.
He also highlighted Iran’s achievements in energy diplomacy, saying it
had managed to increase its crude oil and gas condensate exports and clear its
floating storage.
He said Iran had also signed good contracts for investment, some of
which involved foreign capital.
He praised the role of domestic manufacturers and knowledge-based
companies in supplying equipment and providing solutions for the oil and gas
industry.