86034
Rouhani: Boosting Oil Output a Priority
Rouhani: Boosting Oil Output a Priority
Wednesday, May 09, 2018

Rouhani: Boosting Oil Output a Priority

Wednesday, May 09, 2018

Rouhani: Boosting Oil Output a Priority

Preserving the current oil output level and making efforts to boost extraction from the country's massive hydrocarbon reserves top the lucrative oil industry's list of priorities.
President Hassan Rouhani made the statement on the sidelines of the 23rd Iran International Oil, Gas, Refining and Petrochemical Exhibition that commenced at Tehran's International Fairground on May 6, Mehr News Agency reported.
Iran Oil Show 2018, the four-day exhibit, is sponsored by Oil Ministry and its subsidiary the National Iranian Oil Company. It hosts more than 2,000 domestic and foreign companies, the event's official website said.
"The more oil and derivatives we produce and export, the more power we will gain in the region," Rouhani said, adding that although there are other key industries, oil and gas production is more strategic as it impacts people's quality of life directly.
The president noted that oil has always been a political concern in the country, as it overshadows not only economic but also social issues. 
 

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Short URL : https://goo.gl/h5cB3Z
05/09/2018
  1. https://goo.gl/7ZsPmL
  • https://goo.gl/NXKxsy
  • https://goo.gl/RsKWmg
  • https://goo.gl/wv1rA6
  • https://goo.gl/6qXA8w

You can also read ...

Record Oil Output Does Not End US Import Dependence
In the first week of July, US net imports of petroleum...
Brent slid 30 cents at $75 a barrel.
Oil prices slipped on Monday as concerns about supply...
Zanganeh: OPEC Members Not Allowed to Pump Above Target
Iran’s Oil Minister Bijan Namdar Zanganeh in a letter told his...
Chinese Oil Demand Growth to Slow
Oil demand growth in the world’s biggest oil importer—China—is...
Green Petrochem Units to Be Exempted From Pollution Tax
Petrochemical companies that reduce carbon emissions and are...
Gas to Overtake Oil
Natural gas will account for a major part of energy basket in...
Tehran Power Outages Hampering Industries
Frequent power outages in Tehran have adversely affected...

Add new comment

Trending

Googleplus