18 Apr 2024
Wednesday 16 September 2015 - 15:10
Story Code : 180646

JCPOA to boost Irans role in global oil market: President aide

TEHRAN Sept. 16 (Shana) Iranian Presidents Chief of Staff Mohammad Nahavandian said implementation of the nuclear Joint Comprehensive Plan of Action (JCPOA) will add to Irans role and participation in the international oil markets.

It was necessary to check the trend which had resulted in diminishing Irans bargaining power and impact on the energy market so that Iran could return to its original stand, he told a parliamentary hearing.

Speaking at the Special JCPOA Committee, he said removal of sanctions on exports of oil, gas, and petrochemical products and lifting the ban on import of sensitive goods for industries will increase the competition edge of Iranian companies.

Nahavandian also said that the post-sanctions period will be marked by higher employment and increased foreign investment.

By SHANA
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