Iranian Technologists Help Sustainable Development of Oil, Gas Value Chain
“Our specialized oil and gas company assesses and analyzes the structure of Iran’s oil and gas refining industry and the status of this part of the oil and gas value chain as the first layer of the oil and gas value chain and also the supplier of feedstock needed by the petrochemical industry,” said Mohammad Reza Faqid Vahdat, the business development manager of the company.
“We find investment opportunities in the oil and gas sector for the presence of investors in the value chain of this field. These consultations are provided both for investors present in the industry, including the holding companies, and for private investors,” he added.
Faqid Vahdat explained that four parameters are considered for any investment opportunity, one of which is the market issue, adding, “We find the best market for the products.”
The National Iranian Oil Company (NIOC) said earlier this year that production from hydrocarbon resources in the country will continue for the next 100 years.
In a statement issued, the NIOC detailed its performance in the calendar year that ended on March 20, saying that Iran’s hydrocarbon resources amount to the equivalent of more than 1.2 trillion barrels of oil, adding that some 340 billion barrels of those resources are available for extraction.
The statement said that Iran can rely on those resources for the next 100 years considering the current extraction rates and technologies.
The NIOC said oil and gas production in Iran had increased to record levels in the last calendar year, adding that the amount of natural gas delivered to the Iranian pipeline grid had reached an all-time high of 870 million cubic meters (mcm) in the past winter.
It said that total gas production in Iran had increased by an average of 36 mcm per day in the second half of the calendar year to late March to reach 1,106 mcm per day.
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