29 Mar 2024
Sunday 20 October 2019 - 15:15
Story Code : 361764

Efforts to block Irans oil industry failed, Zanganeh says

Tasnim Iranian Oil Minister Bijan Namdar Zanganeh highlighted the ineffectiveness of US sanctions against the Islamic Republics oil sector and said attempts aimed at blocking Irans oil industry have gotten nowhere.

A lot of efforts were made to halt the development of Irans oil industry under the conditions of sanctions, Zanganeh told Tasnim.

However, not only hasnt the development of our countrys oil industry stopped but we are witnessing an increase in the number of signed contracts, the launch of projects, and implementation and operation of numerous projects in the country's oil and gas industry, he said.

Oil and gas exploration continues across Iran, and whenever new discoveries yield results, the public will be informed about the increase of the countrys oil and gas reserves, the oil minister went on to say.

Last Sunday, the deputy head of the National Iranian Oil Company (NIOC) announced that a massive gas field has been discovered south of the country.

Speaking to reporters in Tehran, Reza Dehqan said the huge gas field named Eram has been discovered in the southern province of Fars.

He added that the field, with a reserve capacity of 19 trillion cubic feet of natural gas in place, is located in southern parts of the province.

Iranian officials have said the country is pressing ahead with its energy development plans despite severe US sanctions that seek to cripple the countrys economy.
https://theiranproject.com/vdcg3q9wtak93u4.5jra.html
Your Name
Your Email Address