Afshin Kiani, speaking at the 29th International Oil, Gas, Refining, and Petrochemical Exhibition, emphasized the critical role of feedstock in the petrochemical value chain.
He stated: "The core mission of Hoveyzeh Persian Gulf Gas Refining Company is to provide sustainable feedstock for Bandar Imam Petrochemical Company and fuel for the national gas grid. Accordingly, Persian Gulf Petrochemical Industries Group, as the majority shareholder, has decided to make strategic upstream investments to achieve long-term goals in feedstock security and production stability."

He added that completing the value chain is impossible without a steady supply of feedstock. 
As the operational arm of Persian Gulf Petrochemical Industries Group, Hoveyzeh Refinery has prioritized developing the Darkhovein and West Karun gas fields to capture associated gas for petrochemical use and domestic fuel.

On the project’s execution, Kiani said: Arvandan Oil and Gas Company has been selected as the main investor for developing these fields, with operations underway through a subsidiary contractor in collaboration with Khatam al-Anbiya Construction Headquarters.

Once operational, the project will fully capture flare gas, reducing environmental pollution and boosting efficiency. 
Financing follows a feedstock prepayment model, with BIPC providing funds in exchange for future supply, he explained.  

The estimated investment for field development is $200 million, to be injected over 25 months. 
"This requires continuous oversight, precise resource management, and stakeholder coordination," Kiani noted.  

Gas processing capacity to hit 500 mcf

Hoveyzeh currently processes 140–145 million cubic feet of gas daily with potential to expand to 500 million cubic feet per day (14,300 tons). 
Half supplies the national fuel grid; the rest feeds Bandar Imam Petrochemical, Diamond Unit, and LPG exports.  

Kiani highlighted national priorities: "Successful development of Darkhovein and West Karun by this winter could add 2–3 million cubic meters of gas daily to the grid, easing pressure on existing resources during peak demand."

Plans include launching Phase 2 and targeted gas capture from oil fields. "To accelerate progress, we’re directly managing gas capture projects to address feedstock shortages swiftly," he said.  

Kiani also stressed leveraging domestic expertise: "In the current climate, partnering with knowledge-based firms is essential. They provide technical and engineering support, helping us achieve development goals faster, more accurately, and at lower cost."