Razi Petrochemical signed a memorandum of understanding with the National Iranian Oil Company to ensure the natural gas supply chain and increase the stability of production lines for the development of the "Koohe Asmari" and "Jurassic Masjed Soleyman" gas fields. This memorandum is considered a strategic action in line with the policies of resistance economy and managing risks arising from gas supply shortages.
Production Stability and Supply
Hosseini Mousazadeh, CEO of Razi Petrochemical, emphasized that operational stability and securing gas input resources are the main strategic goals of the company. Entering upstream oil projects and investing in the gas fields of the Masjed Soleyman region not only preserves nominal capacity and ensures maximum production continuity of products but also provides a secure foundation for supporting the agricultural sector and enhancing added value in the country's petrochemical industries.
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Comprehensive Studies and Technical Assessment
According to the provisions of this memorandum, comprehensive project studies will be conducted in collaboration with specialized engineering consulting firms in key areas including hydrocarbon reservoir assessment and modeling, developing optimal drilling programs, estimating the requirements for constructing surface processing facilities, and setting the execution calendar for the phases. This project is aimed at optimizing processes and increasing economic efficiency.
Following the signing of this agreement, an official project kickoff meeting was held with representatives from Razi Petrochemical and the National Iranian Oil Company. In this meeting, the process of conducting studies began, and the operational roadmap for the project was outlined. This action is considered a model for synergy between the upstream oil sector and downstream petrochemical industries.
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