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Oil Industry Has Left Behind Iran Sanctions

Source: www.gulfoilandgas.com 4/3/2012, Location: Asia

Citing to the remarks made by the Supreme Leader of the Islamic Revolution, Ayatollah Seyyed Ali Khamenei at the beginning day of the Iranian new year on 20th March 2012 who dubbed the new year as the Year of National Production, Supporting Iranian Labor and Capital, the minister noted that Islamic Republic of Iran has left behind those sanctions as a result of relying on its capable experts.

‘While opponents of Iranian people name the imposed sanctions as ‘though sanctions’ but I want to announce that Iranian oil industry has succeeded to upset those sanctions by reliance on domestic capabilities’, the minister said.

He went on to say that oil industry will face less difficulties this year due to supports from the president and other officials stating it is expected oil industry to rely on more and more domestic capabilities with regard to new financial resources being available following new legislations by parliament.

Qasemi said that getting help from bank’s resources, energy funds and oil bonds are among the oil industry plans for advancement of current Iranian year’s targets which began 20th March 2012.

Referring to new laws passed by the parliament for oil industry workforce, Qasemi expressed hope new year to be a year full of work and effort in direction of achieving the oil industry’s goals.

He also expressed satisfaction with the oil industry achievements during the past year which was named the year of Economic Jihad by the Supreme Leader adding signing a number of contracts relating to development of shared oil fields were among the last year’s successes.

Referring to promoting domestically manufacturing, the official noted that necessary documents related to manufacturing equipments at home had been prepared and an appropriate time had been set for manufacturing certain goods and equipments amid drawing a road map for technological and research activities.

Alluding to dubbing current Iranian calendar year as the Year of National Production, Supporting Iranian Labor and Capital by the Supreme Leader of the Islamic Revolution, Qasemi said these concepts has been chosen very carefully so oil industry has a big responsibility expressing hope oil and gas production to be increased this year significantly.

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Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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