Razi Petrochemical, by signing a memorandum of understanding with the National Iranian Oil Company, has begun studies for the development and operation of the Koohe Asmari and Jurassic Masjed Soleyman gas fields. This action is aimed at ensuring a sustainable supply of natural gas feedstock and increasing resilience and continuity of production in line with the policies of resistance economy.
Details of the Memorandum and Its Objectives
This memorandum has been concluded for strategic planning to ensure and sustain the natural gas feedstock supply chain and enhance production resilience within the framework of resistance economy policies. The CEOs of Razi Petrochemical and the National Iranian Oil Company discussed strategies for the development and operation of the Koohe Asmari and Jurassic Masjed Soleyman gas fields in this meeting.
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Hossein Mousazadeh, CEO of Razi Petrochemical, stated: "Sustainable development and ensuring the feedstock supply chain are among the main pillars of Razi Petrochemical's operational strategy. Entering upstream projects and smart investments in the Koohe Asmari and Jurassic Masjed Soleyman gas fields, while preserving assets and maximizing production continuity, is a solid step towards creating more value for the country's agricultural and petrochemical industries and achieving resistance economy goals."
Implementation Plans and Next Steps
According to this memorandum, comprehensive upstream studies including reservoir assessment, optimal well drilling planning, surface facility requirements analysis, scheduling of implementation phases, and economic project analyses have been put on the agenda. The official kickoff meeting was held with the presence of representatives from the National Iranian Oil Company and the investor at the headquarters of the Engineering and Development Management of the National Iranian Oil Company.
In this meeting, the process of conducting studies began with the exchange of basic information and the development of a roadmap. Razi Petrochemical, by entering the development and operation projects of the upstream gas fields, aims to preserve nominal production capacity and stabilize employment sustainability in the region. This action is also recognized as a fundamental step towards achieving synergy between the upstream oil sector and the petrochemical industry.
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