MP: Poor management in past destroyed Iran’s good oil revenues

Gachsaran, Kohkiluyeh-Boyer Ahmad Prov., Nov 29, IRNA – Chairman of the Majlis Plan and Budget Commission Gholamreza Tajgardoun said in the years when oil was sold at $100 per barrel national oil assets were wasted as a result of poor management.
 Speaking to IRNA, Tajgardoun said: “Oil is a tool for instilling the rule of great powers on the world people”, adding that “decision making on reduction of OPEC oil output is difficult due to the importance of oil price in the rivalry of the big powers at international level.”

He stressed that disputes between Russia and the US; and between the West and Iran make reduction of OPEC oil output beyond expectation.

Referring to 30% reduction in OPEC oil output in the past two months, head of the Majlis Plan and Budget Commission elucidated that the cut has greatly affected Iran’s revenues.

Tajgardoun noted that Russia and Saudi Arabia are placed in the best conditions of oil economy of the world.

He said the shale oil production which is exploited by the US and Canada at $60 per barrel is one of the main indices for determination of oil price in the world.

Referring to Iran’s dependence on oil revenues he said Iran’s economy with oil prices ranging from $8 to $100 per barrel has a good experience in reducing its dependence on oil revenues.

He expressed hope that with the success of Iran’s nuclear team in the negotiations OPEC oil price will return to its real position.

By IRNA

 

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