Seventy Percent of Iran’s Energy Basket Belongs to Natural Gas
The natural gas meets 83 percent of power plants' needs to fuel, Tavakkoli underlined, stressing the need for a cross-sector perspective on energy, specially when the country is close to the cold season.
He stressed that the NIGC as a midstream entity and according to its responsibilities, should maintain a steady supply of gas in the country, with the primary priority being the sustained gas supply for households, particularly during the cold season.
Tavakoli added that the natural gas industry is a driving force for production and development, at the forefront of the economic war, and acts with national interests in mind, disregarding sectoral and political considerations to maximally supply gas needed by all consumers in industrial, service, household, and other sectors.
He also underscored the need to improve the efficiency of facilities and equipment for optimal consumption management, stating that consumption efficiency is a cross-sector issue, with the law assigning responsibility to 13 different bodies.
In relevant remarks in February, the CEO of National Iranian Oil Company (NIOC) announced that when seven new oil and gas projects become operational, they will create some $6 billion income for the country.
Mohsen Khojasteh-Mehr made the remarks in a ceremony attended by oil minister Javad Owji to a inaugurate the projects during his visit to the Southwestern oil-rich province of Khuzestan.
The NIOC chairman also said that the seven projects are a part of the oil ministry’s plan for a leap in production.
According to Khojasteh-Mehr, the launch of the seven projects will add 150,000 barrels of crude oil and 28 million cubic meters (mcm) of natural gas to Iran’s total daily production.
He went on to say that renovation of Qale Naar pipeline, Shadegan pipeline, Ahvaz desalination unit, increase in Cheshmeh Khosh, Dalpari, and East Paydar fields’ production, start of Sohrab joint oil field, drilling 60 wells in the South Azadegan field, and launch of the new offshore pipeline of Phase 16 of the South Pars gas field were the projects that were going be to inaugurated by the oil minister.
He further stated that, “In total, about $800 million will be invested in the Sohrab joint field, which will increase its production to 30,000 barrels.”
The CEO of the NIOC concluded that after the operationalization of seven oil and gas projects which coincides with the anniversary of Islamic Revolution, around $6 billion of revenues will be generated in the country.
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