Iranian Minister of Petroleum Bijan Zangeneh said there had been talks with a number of domestic firms to develop the South Pars Oil Layer (SPOL), however no results have been obtained so far.
Speaking to reporters on the sidelines of the 5th Oil and Power Congress here in Tehran on Tuesday, the official said the congress was among very few private-sector-sponsored events that have continued to exist.
The two-day event began on Tuesday and senior energy officials, including Mr. Zangeneh, attended its opening ceremony.
A minor fire at Iran’s oldest and largest oil refinery in the Southwestern city of Abadan has been completely extinguished, authorities announced on Monday, underlining that the event left insignificant damage and production has survived intact.
Head of Iran’s most profitable petrochemical plant said foreign sanctions on the country’s petrochemical industry have ended in complete failure.
Gas production at one of the platforms of the giant South Pars Gas Field off the Persian Gulf, which had been damaged, has been fully repaired, the operations manager of Pars Oil and Gas Company said.
Afire in a canal carrying waste from the Abadan Oil Refinery was doused without fatalities on Sunday.
Governor of the Central bank of Iran (CBI) Abdolnasser Hemmati announced that the country has further reduced its reliance on oil revenues to bring the share of the income earned though crude sales in the budget to less than 30 percent.
Iranian Oil Minister Bijan Namdar Zanganeh highlighted the ineffectiveness of US sanctions against the Islamic Republic’s oil sector and said attempts aimed at blocking Iran’s oil industry have gotten nowhere.