Iran Highly Capable to Jump Oil, Gas Export

By Business and Financial Times

Iranian Deputy Oil Minister Hamid Reza Araqi said on Wednesday that Iran has the capability to increase its oil and gas export to a large extent.

Araqi, who also serves as the CEO of the National Iranian Gas Company (NIGC), made the remarks on the sidelines of Russian Energy Week International Forum.

The Islamic Republic of Iran is able to increase its oil exports volume at international level, he said asserting that Iran is highly capable of exporting gas to the neighboring states and other countries.

Given the environmental issues discussed, it is predicted that gas consumption will experience a significant growth in the next few years up by 2030, he maintained.

Islamic Republic of Iran is one of the major gas producers in the world, he said, adding most neighbors will use Iranian gas in the near future, so that it is logical to prepare infrastructures for exporting gas to neighboring countries”.

He pointed to gas-supply project in the country and said, 100 and 95 percent of urban and rural areas of the country have been supplied with gas respectively. In the same direction, gas has been supplied to most industrial and petrochemical industries of the country.

CEO of the National Iranian Gas Company (NIGC) Hamid-Reza Araghi once again reiterated that Iran has high potential to transmit its gas to the neighboring states and other countries in the LNG (liquefied natural gas) form.

While Iran is one of the few at the top of list of rich states in terms of energy resources, both oil and gas, in the world, the US is after cutting Iran`s revenues from energy export of Iran. Due to the facts, and the rich resources of Iran, many experts believe that the US dream will never come true and will further exacerbate the situation in the world energy market.

On July 8, the Iranian parliament`s research center has readied a comprehensive plan that includes a detailed list of policies and moves to fight off sanctions as Washington sped up attempts to rally international support for intensified pressures on Tehran.

The comprehensive “active anti-sanctions plan” that has been compiled at the parliament research center after long studies and consultations with experts from Iranian research and academic centers, traders and entrepreneurs is now under study by senior Judiciary, Parliament and Government officials for a final editing.

The program that mainly aims to make the country “unsanctionable” has been developed in contrast to the US sanctions program and has reportedly been edited seven times so far, several MPs told FNA.

Information obtained by FNA reveals the program offers a package that also involves social and cultural measures to reinvigorate the country`s economy and infrastructure against the US sanctions that come into effect from 90 to 180 days after their re-imposition and seek to wear off Iran`s economy step-by-step.

The plan also entails specific time-based nuclear, security and political leverages that would be enforced in reprisal for enemy threats, while it also envisages transient waivers that could be extended, halted or annulled based on relevant decisions by authorities.

The plan to make Iran sanction-proof includes detailed measures in two 90-120 days and 180-210 days periods in various areas of monetary, banking and currency sector, liquidity management and deterring middlemen disruption and negative interference, optimized forex reserves management, facilitated money transfer in the international market, reduction of intermediary currency role, strategic commodities, budget resources and use, energy, business, trade, structures, culture, society, media and legal affairs.

Meantime, several other plans have also been compiled by university and research centers for improving economy through reinvigoration of national potentials to make the country sanctions-proof.

This article provided by NewsEdge.