He said extensive oil and gas resources, high technical know-how and educated workforce are capacities of Iran for growth and development.
"Iran is now a major petrochemical producer," he added.
He said successful management of the oil, gas, petrochemical and refining projects by Iranian engineers at the time of sanctions testifies high power of Iranian companies.
The official said development of the upstream reserves is a necessity for Iranian oil industry.
He emphasized competitive market for Iranian petrochemical feedstock.
He noted that access to the world's latest technology, financing and lowering cost are among other exigencies of Iranian oil industry.
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