Tehran (IP)- Iran's Oil Minister said that Iran has been under pressure due to sanctions, but it has brought great capacities for the country which under no circumstances will be ignored or put aside, and also our incomes and capacities have been strengthened.

Iran Press/Iran news: Bijan Namdar Zanganeh added that during sanctions Iran has gained significant achievements, these capacities will be increased more and will be increased and continued even after the sanctions. 

Iran will cooperate with foreign companies but won't put aside the achieved capacities, he stressed.

Iran's Oil companies in drilling and construction have been strengthened and grown, Iran's Oil Minister added.

One of our main focuses is on reviving oil wells with startups and knowledge-based companies, Bijan Namdar Zangeneh said.

He highlighted the Leader's saying," Oil is important to field to create job and development."

Referring to the ceremony, he said the aim of signing such agreements is the country's development, job creation, and production income.

The benefit of signing the agreements is that the contractors are obliged to male revenue and increase the production to get money at a defined time, he noted.

4 per cent of the agreements revenues will be spending on social projects which occurs for the first time in the country, he stressed.

The agreements are integral to develop the country's internal capacities and hope to be continued, underlined by the minister." Also I wish to strengthen provincial companies", Zanganeh said.

Having related skilled forces, increasing universities capacities, offering drilling and engineering, management and implementation services are very important, he stated. 

The best features of these agreements are that they signed just with national companies and also they create investment opportunities, and while they signing them it is also decided that all the needed equipment to be provided during the implantation of the agreements, must be domestic, actually, 72 per cent of the equipment used in the agreements were all homemade because it increases national capacities and investment.

Referring to the too much usage of the fuel, Bijan Namdar Zangeneh noted that Iran is the biggest country that misuses most of which is household consumption so, people should be informed on optimal consumption. 

Iran has no Mazut shortages for exporting and no Mazut has been burnt in Tehran, Qom, or Alborz provinces, he stated. 

The ceremony on the Third Phase of Preserving, Increasing Oil and signing agreements with Iranian companies with the value of 1.2 billion $, held at Oil Ministry conference hall with Iran's Oil Minister Bijan Namdar Zanganeh, and Saeed Mohamad head of Khatam al- Anbiya construction Headquarters in attendance, on 11th Jan 2021.


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