PrintLogoPrintPrintLogo/Print With Image SendToFriendSend To Friends Whatsapp google_plus Line twitter

MP: Iran's Growing Progress Stimulated by Sanctions

Service : Economy
TEHRAN, May 21 (ICANA) - A look at Iran's economic progress and its large capacities and capabilities in producing strategic products proves that western sanctions against the country have backfired, a senior Iranian legislator said on Saturday.
Saturday, May 21, 2011 7:31:47 PM
MP: Iran's Growing Progress Stimulated by Sanctions

"Economic self-sufficiency in certain strategic products was a very great achievement that the Islamic Iran gained due to the US sanctions," member of the parliament's Economic Commission Yousef Qassemi told FNA.

He pointed to Iran's progress in different scientific and technological fields, including stem cells and nuclear technologies, and said if Americans had not imposed economic sanctions against the Iranian nation, certainly Iran could not have made such a great level of advancement and it would have remained dependent on the West and the US.

Iran is under four rounds of UN Security Council sanctions for turning down West's calls to give up its right of uranium enrichment, saying the demand is politically tainted and illogical.

Tehran has dismissed West's demands as politically tainted and illogical, stressing that sanctions and pressures merely consolidate Iranians' national resolve to continue the path.

A recently imposed set of extra sanctions by the US and its European allies on gasoline supplies to Iran revealed how anti-Iran sanctions backfire.

Iran used to be a net importer of gasoline until very recently, but after the western powers signaled that they intended to use gasoline supply to Iran as a pressure lever to stop the country's nuclear progress, Iran started domestic production of gasoline to the world surprise.

Iran increased its gasoline production after the United States and the European Union started approving their own unilateral sanctions against the Islamic Republic over its nuclear program, mostly targeting the country's energy and banking sectors, including a US boycott of gasoline supplies to Iran.

After the UN Security Council ratified a sanctions resolution against Iran on June 9, the US Senate passed a legislation to expand sanctions on foreign companies that invest in Iran's energy sector and those foreign companies that sell refined petroleum to Iran or help develop its refining capacity.

The bill, which later received the approval of the House of Representatives, said companies that continue to sell gasoline and other refined oil products to Iran would be banned from receiving Energy Department contracts to deliver crude to the US Strategic Petroleum Reserve. The bill was then signed into law by US President Barack Obama.

But Iran's self-sufficiency in gasoline production made Washington's plots fall flat. Iran boosted gasoline production so much that in September 2010, the country exported its first gasoline consignment to the foreign markets.

And in a final move to show its resolve, Iran on Thursday sold its first gasoline consignment through the Kish Island oil bourse in a final step in launching the country's petroleum bourse.

"The Bandar Abbas Refining Company sold 20,000 tons of its export gasoline at Iran's international mercantile bourse on the Kish Island," Ali Akbar Hashemian, the director general of Iran's Mercantile Exchange Company, said on Thursday.

Hashemian said the sale of gasoline on the stock market was the third and final phase in launching the country's petroleum bourse.

He added that the National Iranian Oil Products Company (NIOPDC) has agreed to put up at least 30,000 tons of gasoline for sale every month on the Kish bourse.

Member Comments
Full Name :
Email :
Body :

fa Icana

Copyright © Icana All Rights Reserved

Powerd By : Tasvirnet