24 May 2007 - 14:45
  • News Code: 105475
Oil Minister in Assalouyeh

TEHRAN – Minister of Petroleum Seyed Kazem Vaziri-Hamaneh left here Thursday for Assalouyeh to inspect the executive operations in different phases of South Pars field.

The minister paid a visit to SP phases 6-8 and Mehr and Kavian petrochemical complexes and was briefed on the projects.

He is scheduled to visit phases 9, 10, 15, and 16.

During his one-day visit, Vaziri-Hamaneh is accompanied by his deputies and managers of Petroleum Ministry.

Managing director of Pars Special Economic Energy Zone said when all 28 phases of South Pars field came on stream, the field would fetch the country 40 billion dollars per annum.

Seyed Abdoljalil Razavi added that there were 4 million jobless people in the country and South Pars held good promises for job creation.

The official noted that the government of Iran had taken serious steps toward realization of projected investments in the region.

He stated that Qatar started to exploit the South Pars gas field in 1980 and had been helped by many countries while Iran was entangled in eight years of imposed war.

Qatar has thus far invested 70 billion dollars in the field but Iran has started investments in the region since 1994 and has, thus far, invested 35 billion dollars in South Pars region which is 30 hectares in area,” he said.

Razavi noted, “Due to vastness of Iran and Qatar’s activities, Iranian engineers should double up their efforts.”

Managing director of Pars Special Economic Energy Zone further stated that five gas refineries were currently operating in the region, which fetched 20 million dollars in benefit every day.

The official added that 190 billion rials (20.5 million dollars) had been allocated to various infrastructure projects in Bushehr Province during the preceding Iranian calendar year (ended March 20, 2007).


News Code 105475

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