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Iran Urges Cooperation in Oil Industry

Service : Economy
TEHRAN, April 15 (ICANA) – Iranian Oil Minister Massoud Mirkazemi has invited energy-seeking countries to engage in the Islamic Republic's oil industry with an attitude of “cooperation” rather than “confrontation.”
Friday, April 15, 2011 9:12:32 PM
Iran Urges Cooperation in Oil Industry

In the inauguration ceremony of Iran's 16th International Oil, Gas, Refining, and Petrochemical Exhibition, the Iranian minister called on countries of the world to seek more engagement in Iran's oil industry because the energy security of the world is meaningless without the presence of Iran.

Despite “illogical” constraints posed by certain countries, Iran now enjoys a higher position than ever before in all fields including especially the oil industry, Mirkazemi said.

He pointed out that political stability and economic power are prerequisites of progress in the oil industry.

Mirkazemi also announced Iran's readiness to enter negotiations on all issues in a “logical and intelligent” relationship with foreign companies that seek ties with Iran.

He added that Iran is prepared to make more efforts to help the global economy flourish.

The Iranian official expressed hope that Iran would reach a 90-percent self-sustenance in oil industry by the end of the Islamic Republic's Fifth Five-Year Development Plan in the year 2015.

Iran's Fifth Five-Year Economic Development Plan is part of the 20-Year Outlook Plan (2005-2025), which is the country's main blueprint for long-term sustainable growth.

Iran's 16th International Oil, Gas, Refining, and Petrochemical Exhibition opened in the Iranian capital of Tehran on Friday, in the presence of Iranian top officials and ambassadors of foreign states, and it is scheduled to open to the public from April 16 to April 19.

Among participating countries in the exhibition are Austria, Spain, Australia, England, Italy, Germany, Turkey, the Czech Republic, Denmark, Russia, France, the Netherlands, Norway, India, Singapore, Japan, China, Taiwan, Thailand, Saudi Arabia, Canada, and Brazil.

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