Farhad Shahraki highlighted the activation of private sector capacities
and the revival of semi-idle or halted facilities in the petrochemical value
chain as key accomplishments of the 14th government's oil ministry, aimed at
balanced development.
"The growth in exports of oil products and derivatives,
activation of private sector capacities in the oil value chain, improvement of
the country's gas balance through increased production and reduced energy
waste, as well as efforts to complete the petrochemical value chain, can be
considered among the important achievements of the 14th government's oil
ministry," Shahraki told NIPNA, the petrochemical news agency.
He noted that despite restrictions, sustained exports of oil and
petrochemical products had positively impacted Iran's foreign currency balance.
Shahraki also credited the ministry with reviving upstream and midstream oil
and gas capacities using domestic resources and active energy diplomacy.
Outlining priorities for the oil sector, Shahraki emphasized strategic
focuses including the development of shared fields, boosting recovery rates,
optimizing gas balances, collecting and economically utilizing flare gases,
completing the petrochemical value chain, constructing petro-refineries, and
expanding energy diplomacy for targeted exports and investment attraction.