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Newly elected Oil Minister sets priorities- increase oil exports

Monday, 19 August 2013

Newly appointed oil minister Bijan Zanganeh said that “As a first measure, a designated ad hoc committee must be formed to study the sanctions imposed onTehran and find ways to increase Iran’s oil exports. In traditional and new markets…. because sanctions will not be lifted overnight, we must have a special short-term plan to increase oil exports.” Zangeneh said that a return to oil output levels of 2005 (4 MB/D) and providing fuel for winter is high on the agenda,  adding that he had already asked the managing director of the National Iranian Oil Company (NIOC) to come up with relevant plans in this regard. He reiterated that he will keep his pledges to the Majlis and not waste a second in his new job. Reformist daily Shargh editorial criticizes Ahmadinejad’s government for the sharp drop in oil production, maintaining that “Not reaching that level (5 MB/D) is one thing, but another, more important and painful debate is the sharp drop in production and a level of production lower than 3 MB/D.  None of (Ahmadinejad’s) promises took shape and from the day that the oil industry was handed over to his government, it became ill and sank at bay.” The commentator concludes: “The message that ( Zanganeh’s) confirmation votes is that tolerating such trends is no longer acceptable. The oil industry, in the last eight years, started with slogans of revealing the oil mafia, and ended with similar types of (mafia) thinking.”

 

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  • Published: 57 days ago on Monday, 19 August 2013
  • By: Iran Daily Brief
  • Last Modified: August 19, 2013 @ 12:16 pm
  • Filed Under: Economy
  • Tagged with:
  • Source(s):
    • http://www.pananews.ir/news/news.php?id=13106; http://www.magiran.com/npview.asp?ID=2796705

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