TEHRAN (FNA)- Parliament Speaker Ali Larijani said that Saudi regime�s plot to plunge crude oil prices from 110 to 22 dollars per barrel has not distressed Iran because of the Islamic Republic�s cutting back its dependency on oil revenues.

�Saudis attempted to reduce oil prices and brought it down from around 110 dollars a barrel to 23 dollars, which will damage themselves,� he said in a local meeting in his election constituency of Qom.

Referring to the resistive economy policies stipulated by the Supreme Leader of Iran which focuses on domestic production, he added, �Iran exports 50 billion dollars of non-oil products which is not sufficient.�

�There are many countries which were disturbed by the plummeting oil prices, but Iran was not affected much although it had to slow down the country�s development trend,� Larijani said.

�We must be realistic under current conditions,� the speaker stressed, �The wheel of production will not start with selling of oil. Production has to be activated using resistive policies.�

By Fars News Agency