20 March 2022 - 20:11
  • News Code: 454866
New Regular Customers Found for Iran Oil: Min.

TEHRAN (Shana) – The Iranian Minister of Petroleum said: “The Ministry of Petroleum of the 13th administration has done marketing with all its capacity to find new and regular customers of Iranian crude oil shipments, and this diversification continues day by day in all products.”

On Saturday evening (March 19), on the eve of the anniversary of the nationalization of the oil industry in the TV program, Javad Owji outlined the most important actions and future plans of the Ministry of Petroleum of the 13th administration.

He said: "Today, the country's natural gas production capacity is close to one billion cubic meters per day and crude oil production capacity is close to 3.9 million barrels per day, and fortunately all of it is made possible by capable Iranian specialists, employees and companies."

Referring to the studies of the Ministry of Petroleum for marketing new customers, he said: "In this regard, we used all the capacities inside and outside and gave variety to our contracts."

The Minister of Petroleum, stating that these customers are regular, said: "To some extent, it can be said that since these customers own refineries, sales to them are continuous. Fortunately, this market continues to diversify in all products from the export of crude oil, gas condensate and continues to petroleum products and petrochemicals.”

Owji continued: “Revenues from the sale of crude oil, gas condensate, natural gas, petroleum products and petrochemicals compared to last [calendar] year have increased 2.5 times and net natural gas exports have been more than last [calendar] year.”

"We have continued to increase exports in terms of volume compared to last [calendar] year, which is an eye-catching figure," he said, adding that rising world prices also helped boost oil revenues.

He said the country’s petro-refining capacity was increase by 2 million barrels per day within the coming years, adding Iran’s crude oil and condensate production capacity would be 5.7 million barrels per day in the future.

News Code 454866

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