No Iranian oil projects halted due to sanctions

Iran's Oil Minister Rostam Qasemi says despite international pressures and foreign sanctions against Iran, none of the country’s oil industry projects have been stopped so far.


Addressing the inaugural ceremony of Tehran’s 17th International Oil, Gas, Refining, and Petrochemical Exhibition on Tuesday, he noted that all upstream and downstream oil, gas, and petrochemical projects of Iran are currently active and the country is determined to further reduce dependence on foreign manufacturers of oil industry equipment.

“Despite the intensification of [international] sanctions [against Iran's oil industry], new records have been registered for building new gas refineries in the South Pars region,” Qasemi said.

The minister stated that the construction of a gas refinery in the South Pars region has had a progress of 60 percent in 21 months.

“Despite international sanctions, [the Iranian] Oil Ministry welcomes foreign companies’ investment and participation in [developing Iran's] oil and gas industries,” he added.

Qasemi further noted that due to the high quality of Iran's crude oil, the country is currently facing no restrictions for selling and exporting crude oil to global markets.


/PressTV/