The embargo delayed the development of the oil industry
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The most optimistic energy prospects indicate that by 2050, at least half of the world’s energy needs will be provided by oil and gas. At the same time, the increase in demand in the post-corona era, on the one hand, and geopolitical developments and the imposition of cross-border sanctions on oil and gas exports in recent years, especially after the war between Russia and Ukraine, on the other hand, showed how fragile the world economy is in terms of energy security. And now more than ever, the world needs an increased supply of reliable energy. The course of history has also shown that the evolution of the energy transition process takes many decades. In all periods of the history of energy transition, one principle has been repeated, and that is that the energy transition has never caused the complete removal of a source from the world’s energy composition, but always A new source has been added to the portfolio of energy sources. Therefore, trying to eliminate or replace fossil fuels is an unrealistic and threatening effort for the world’s energy security.
From this point of view, the approach of the Islamic Republic of Iran as the first country in the world in terms of total oil and gas reserves (having 157.8 billion barrels of crude oil reserves and 1.32 trillion cubic meters Cube of Natural Gas Reserves), to supply more oil and natural gas to the world market, is focused on the aspects of maintaining stability of energy security, friendly to the environment and helping all societies in the world have access to energy.
But Iran’s full participation in securing the supply of oil and gas and helping to alleviate energy poverty, especially in African and Asian countries, where more than one billion people in these regions suffer from energy poverty they take, it can be realized through the removal of sanctions in the path of sustainable flow of investment.
Over the past years, unilateral sanctions have slowed down the development of various sectors of the oil industry, including the lack of investment in clean energy technologies and full participation in international climate agreements. . Nevertheless, despite the unilateral US sanctions, Iran has been able to achieve significant progress by relying on domestic strength and the development of foreign markets.
Iran’s one-hundred-and-ten-year-old oil industry, relying on capable human capital and extensive infrastructure at its disposal, offers its hand for any kind of cooperation from companies and organizations between extends internationally and provides opportunities for investment and cooperation in different sectors.
These collaborations can be used in the fields of exploration, increased harvesting and development of oil and gas fields in the form of attractive and diverse contracts such as those used in oil and gas producing countries. development of joint oil and gas fields with neighbors in the form of integration method, construction and development of oil and gas refineries, construction of petrochemical complexes, reduction of burned gases, reduction of energy loss in the process of production, transmission and distribution of oil and gas and petroleum products, production of blue hydrogen, construction of natural gas liquefaction plants, construction of gas export pipelines from under the sea.
Due to the high ratio of reserves to production (R/P) of oil and gas in Iran (the ratio of reserves to production for oil is 140 years and for gas is 128 years ), investment opportunities in Iran’s oil and gas will definitely be profitable for all parties; Of course, finally, Iran is ready to export technical and engineering services and participate in oil, gas, refining and petrochemical projects in other parts of the world.
