TEHRAN Dec 10 (Shana)--Iran's first vice-president said the Iranian government is determined to properly run the country with oil prices below $40 by sticking to the economy of resistance."Even if prices slide to less than $40, we are determined to manage the country properly by resorting to the terms of the economy of resistance," said Eshaq Jahangiri in an administrative meeting in the western province of Hamedan on Tuesday.
He said Iran's oil exports were at 2.1 mb/d before the sanctions were imposed; however they have shrank to a million under the international sanctions.
He said 50% of oil revenues by March 2014 were deposited in the country's national development fund (NDF).
The oil price slump in world markets is a massive plot which some say is hatched against Russia or some Arabic countries, he argued, calling on the regional countries toavoid any strain in their relations.
"The Iranian nation never forgets the behaviors of others towards them," said Jahangiri, referring to the sanctions which affect the livelihood of the Iranian nation.
By SHANA
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