The new acting Minister of Oil, Javad Owji, known for his experience in the country's oil and energy industry, was introduced on October 14, 2023. This appointment aligns with the overarching policies of the thirteenth government to improve and strengthen the country's energy sector. Javad Owji has previously held various positions in the Ministry of Oil and its affiliated companies and is recognized as an efficient manager.
Background and Experience of Javad Owji
Javad Owji holds a master's degree in petroleum engineering and has over 25 years of experience in the Iranian oil industry. In recent years, he has served as the CEO of the National Iranian Oil Company and the CEO of the National Iranian Gas Company. These experiences enable him to be well-acquainted with the existing challenges in the country's energy sector and to propose suitable solutions for improving the current situation.
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Challenges and New Goals of the Ministry of Oil
Currently, the Ministry of Oil faces multiple challenges, including declining oil production, international sanctions, and the need to attract foreign investments. In his initial meetings, Javad Owji pointed out that one of his main priorities in his new position will be to increase daily oil production to 4 million barrels per day and to develop new oil fields. He also emphasized the importance of strengthening oil and gas exports and stated that he would strive to increase Iran's share in the global energy market.
In this regard, he mentioned the development of the West Karun oil fields and the Azadegan oil field, which have high production capacities and can significantly contribute to increasing the country's oil production. For example, the Azadegan oil field alone has a daily production capacity of 600,000 barrels of oil, and with the necessary investments, this amount can be significantly increased.
Javad Owji also stressed the necessity of cooperation with neighboring countries and attracting foreign investments for the development of oil and gas projects. He believes that by creating a suitable environment, it is possible to facilitate investment conditions and encourage foreign companies to participate in the country's oil projects.
Finally, Javad Owji expressed hope that during his management, he could take effective steps towards achieving the overarching goals of the Ministry of Oil by addressing the current issues in the oil industry.
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