Tehran (IP) - Iran's first vice president said the country should regain its share of the global oil market by increasing investment, using new technologies, and domestic capacity.

Iran PressIran News: In a meeting of the Energy High Council on Monday, Eshaq Jahangiri said that Iran always had serious rivals in the region. Yet, it also had always influenced the regional equations through its capacities. 

Pointing to Iran's military deterrence against the conspiracies, Jahangiri noted: "The Islamic Republic of Iran has always managed to be influential in the region through the past decades and increased its power against rivals, but at the same time we have not been able to use Iran's capacity and geographical situation."

He said that Iran's share of the global oil production was 10 percent. Yet, after the victory of the Islamic Revolution, it decreased to 4 percent due to some internal issues and, of course, enemies' conspiracies, so some countries took advantage of the opportunity and added to their oil production.

Regretting that today the global economy was no longer impacted by Iran's exit from the world's oil market, he emphasized: "It's our national duty to increase investment, use new technologies, and benefit domestic capacities to retake the share of Iran from the global markets."

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