Iran’s strategic approach greatly influences oil industry development

Jul 09, 2004 02:00 AM

Head of the Expediency Council (EC) Ayatollah Hashemi Rafsanjani stated that oil industry was the beating heart of economic development in Iran and the strategic approach taken by Oil Ministry played a great role in developing the sector.
Addressing the third national festival for appreciating domestic manufacturers of oil industry goods and equipment, he added that the destiny of the world depended on oil, gas, and petrochemical industries, noting, "Decreasing trend of oil resources and increasing consumption has concerned the world and many political developments in the Middle East stem from this fact."

EC chairman said energy played a great role in the world, especially Iran.
"Iran enjoys the world's second largest oil and gas reserves and its reservoirs enjoy considerable potentials in view of increased recovery factors," he noted.
Referring to 100-year background of oil industry activities in Iran, Rafsanjani stated that while cooperating with countries with advanced technologies, Iran should try to achieve its rightful historical position.
"Iran is a crossroads for energy transit in the world. Despite good steps taken for developing petrochemical industries, the country is still far from its due status," he noted.

He stated that promoting technological status of the country was the best way for getting attuned to globalisation, adding, "Iranian companies should take part in international tenders to be able to compete with foreign companies."
"Geographical capacities and natural resources of Iran have put a heavy burden on the shoulders of the current generation of the country's directors and they must bolster scientific and technical position of the country," he said.

Source: PetroEnergy Information Network
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