BAKU, Azerbaijan, October 5. Oil and
gas production, as well as implementation and development projects,
are continuing at full capacity in Iran.
According to Iran’s Ministry of Oil, Oil Ministry
chief Hamid Bovard said this at a meeting of the Council of Deputy
Oil Ministers in Tehran today (October 5).
“The priorities of Iran’s Ministry of Oil are
restoring facilities damaged during the war against Iran and
continuing crude oil sales so that the country can successfully
overcome the challenging period ahead,” he said.
Bovard said the current priority in Iran’s oil and
gas sector is ensuring a stable fuel supply during the upcoming
cold months. According to the National Iranian Oil Products
Distribution Company, fuel reserves are at an appropriate level.
Efforts should be made to ensure that fuel supplies continue
properly, he said.
“Iran’s National Gas Company should take appropriate
measures to prevent excessive consumption and ensure proper gas
consumption. Achieving a 10% reduction in gas consumption would be
a very important step,” he said.
Bovard said continued production and exports of
petrochemical products play an effective role in increasing foreign
currency revenues and supporting the country’s economy. Therefore,
barriers to exports must be removed and the sector’s capabilities
should be utilized to the maximum, he said.
It should be noted that Iranian Oil Minister Mohsen
Paknejad resigned from his post on October 4. The Iranian president
appointed Hamid Bovard, deputy oil minister and CEO of the National
Iranian Oil Company, as head of the Ministry of Oil.
