Iran’s energy minister: Sharp decline in oil prices driven by enemies’ plots

TEHRAN (FNA)- Iranian Energy Minister Hamid Reza Chitchian underlined that the international crude prices are experiencing a sudden fall due to the plots hatched by Iran’s enemies.

“The sharp decline in oil prices is because of the enemies’ plots,” Chitchian said on Tuesday.

The Iranian energy minister called for al-out efforts to prevent further decline in oil prices.

Meantime, Iranian Oil Minister Bijan Namdar Zanganeh underlined earlier this month that Iran’s economy is powerful enough to win the battle against the falling crude prices, even if it is forced to sell oil for $25 per barrel.

“If the oil prices drop to 25 dpb, there will yet again be no threat posed to Iran’s oil industry,” Zanganeh told reporters.

He pointed to the sharp decline in oil prices, and said, “We are looking for further cooperation with OPEC members to revive the oil prices.”

The International Energy Agency (IEA) has predicted that oil prices may increase in the second half of the year.

In December, Iranian Parliament Speaker Ali Larijani said exports of crude is just one of Iran’s sources of revenue and the country can live up without oil sales and through exports of its rich mineral resources, modern industries, and talented people.

“We have different methods and scenarios to run the country under different circumstances and we will not forget which countries are conspiring to reduce oil prices,” Larijani said.

He said that the same countries conspired against Iran in the 1980s when Iran was at war with Iraq.

“It would be a mistake if they (certain governments) imagine that they can change the strategic situation of the (Middle East) region through oil (price),” said Larijani.

In early March, Supreme Leader of the Islamic Revolution Ayatollah Seyed Ali Khamenei in a meeting with economic activists, elites and state officials in Tehran explained the root cause of Iran’s turn to the Resistance Economy as well as the specifications, features and components of such an economic model.

Ayatollah Khamenei elaborated on the reasons and incentives for the adoption of the economy of resistance, and said, “Abundant material and non-material capacities of the country, treatment of chronic and lasting economic problems, confrontation against sanctions and immunizing the country’s economy against global economic crises” are the reasons why such a model should be practiced in Iran.

He further noted that the components of the resistance economy are “creating movement and dynamicity in the country’s economy and improving macroeconomic indicators”, “ability to resist against threatening factors”, “reliance on internal capacities”, adoption of a “Jihadi approach”, “people-centeredness”, “reforming consumption patterns”, “campaign against corruption” and adoption of “knowledge-based approach”.

Ayatollah Khamenei referred to the sanctions imposed by the western powers against Iran due to its peaceful nuclear program, and said the country should strengthen its economy in a way that no boycott and embargo could ever leave a negative impact on it so easily.

By Fars News Agency


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