The Iran Project

Oil revenues invested in infrastructure development

Iranian President's Chief of Staff Mohammad Nahavandian

TEHRAN April 29(Shana)–The Islamic Republic of Iran has decided to reduce the share of oil revenues in its annual budget by spending its rising oil revenues in development of infrastructures, head of presidential office, Mohammad Nahavandian said.

Speaking at a meeting with an economic delegation from Switzerland here, Nahavandian said: “The two countries should take advantage from the unique opportunity created for developing bilateral relations that covers various mutually interested issues.”

He further said that boosting cooperation between Iran and Europe could help them to overcome many problems and shortcomings.

In reference to nuclear negotiations between Iran and 5+1 powers, Nehavandian said: “In any nuclear deal sanctions should be lifted completely.”

Reaching a final nuclear deal and genuine commitment to its enforcement by the West would be a clear sign of their political will and at the same time a prelude for expanding cooperation to other spheres, Nahavandian concluded.

By SHANA

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