5- To secure financial resources required for development projects through buy-back contracts, as a practical approach to implementation of development projects, while placing emphasis on the utilization of domestic expertise and investment potentials, and the transfer of technology;

   Some of the achievements of the Ministry of Petroleum in recent years are: Contracts signed for the development of the oil and gas fields including the 8 phases of South-Pars field; development of some offshore oil fields; absorption of foreign resources for exploration projects; increasing the production capacity of the petrochemical industry to 12 mt/y form 500-thousand t/y in per-Islamic Revolution era; raising the country’s crude oil refining capacity to 1.7 million bpd from nearly 700- thousand bpd; implementing various plans in “Petrochemical Economic Zone ” and “Pars Special Economic and Energy Zone”; expansion of the domestic gas consumption network to include 370 cities or 6.5 million households; dramatic rise in the number of high pressure pipelines and finally the unprecedented increase in gas processing and transfer levels.

   In the international arena, the Ministry of Petroleum has pursued the objective of strengthening the status of OPEC through expansion of cooperation with OPEC member countries and other oil producing and importing nations.

    Iran’s oil industry has had a unique performance after the Islamic Revolution, especially in recent years. The national oil industry is moving on with full strength and confidence, utilizing up-to-date technology, powerful and innovative management, highly skilled and creative manpower and a futuristic approach to development projects.