IRNA reported that Iran is mulling a plan to cut crude oil sales to save value added coming from producing oil derivatives to supply to the market of 70 million population.

Mr Nezameddin Barzegari head of Iran National Standard Organization said that the 5 year development plan has envisaged a halt to crude oil sales and producing oil derivatives to save value added for the national economy. In a ceremony to inaugurate ISO 17025 laboratory in Pars Oil Company in Iranian city of that oil, the God given resources should be directed for optimal use and channeled to the downstream industries.

Mr Barzegari said that for years crude oil was exported and the governments looked at the oil income as windfall to be spent on luxury goods, a decision which should be abandoned in favor of Resistance Economy. Planning has been made to bolster downstream industries in oil sector to produce motor oils which is a profitable industry. Investment in downstream industries can have an impact on Gross National Income and serve as a driving force for national industry.

He said that our country enjoys good advantages in major oil and producing oil derivatives. We can emerge as major exporter of the products in the region and we should include the policy in macro policies of the system, which are confirmed by the Supreme Leader of Islamic Revolution.

Source - IRNA

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