Petrodollars hit $34b
Oil Minister Bijan Namdar Zanganeh said Iran sold oil and gas worth $34 billion in the first nine months of the current Iranian year (started March 21, 2013) and collected $32 billion. Talking to reporters on the sidelines of the 40th founding anniversary of the Iranian Society of Consulting Engineers on Thursday, Zanganeh said the figure collected surpassed planned sales, IRNA reported. He noted that the sale of gas condensates experienced an increase of 100,000 barrels year-on-year. The minister said in view of the current prices, the estimated $100 price for each barrel of oil for next year’s budget bill would be reasonable.
The minister put the value of petrochemical products at $20 billion for the current year and said the figure is expected to exceed $70 billion in the next 7 years. Pointing to the development of South Pars Gas Field, Zanganeh said the development of phases 12, 15, 16, 17 and 18 has been prioritized. Zanganeh said most of the oil refineries and petrochemical complexes have been ceded to private sector. For next year, Iran plans to sell 1.4 million barrels of oil and gas condensates, 100,000 barrels of which are the share of petrochemical complexes.
Asked about public grievances over the production of gasoline from petrochemical complexes, Zanganeh said executive operations are underway at Persian Gulf Star Oil Company to produce gasoline and stop gasoline production from petrochemical complexes.
Environmentalists have called on the government to import gasoline and stop supplying gasoline from petrochemical plants, which has created an alarming health situation in Tehran and other big cities. They urge the government to spend the monthly subsidies paid to the people living in Tehran to clean up the environment and promote public transportation means such as the metro.