TEHRAN May 07(Shana)–Iran’s petroleum minister has said that removal of sanctions on Iran’s petroleum industry would help upgrade national technologies.
“Lifting of sanctions would not mean that we would no longer use domestic potentialities. On the contrary, sanctions relief would serve as a springboard for institutionalizing and upgrading national technology and acquiring regional and global markets in the oil sector,” Bijan Zangeneh said.
He said that Ministry of Petroleum would further support domestic potential even after sanctions are lifted.
“Iranian companies should benefit from such interaction to win foothold in regional markets,” he added.
Zangeneh said Iranian companies can have a share in Iraq, Turkmenistan and Azerbaijan market.
“We should not imagine that all problems would be resolved once sanctions are removed,” he said, adding: “We should make efforts to upgrade technology, boost the quality of products and acquire foreign markets.”