TEHRAN, Aug. 19 (MNA) � Iran�s oil minister has said according to Geneva Joint Plan of Action, foreign oil tankers could easily enter Iran�s oil terminals.

Bijan Namdar Zanganeh told Mehr News that the ministry would finish development of different phases of South Pars fields by 2017. �Geneva Joint Plan of Action posed no restrictions upon insuring oil tankers entering Iran�s waters and ports to carry Iran�s oil to importing countries by world insurance giants,� added Zanganeh.


In line with developments in Geneva, a foreign oil tanker will enter Iran�s ports for the first time since sanction relief covered by western insurance companies; it is Alexandra-1 tanker ship owned by Transland Bulk�Carriers Ltd., under the coverage of insurance provided by West of England P&I�Club, which entered Assaluyeh in July 25 and harbored in Kharg to load LNG.


Zanganeh pointed to new oil export agreements in 2015. �Iran would not limit its exports to any certain figure, and would continue to export amounts of oil decided by the government policies,� added the oil minister.


On ministry�s plan for seeking a way out of economic recession, he cited rises in gas exports as possible scenarios. �With increased gas production and provision to industry and power plants, we could export up to $5bn in oil products in the current year and $12bn in the next year,� Zanganeh said.


This week oil ministry delivered a report to Parliament Planning and Budget Commission where it announced export of crude oil and gas condensates up to $7.9bn in the first four months of the year. �In the same period, $13bn of Iran�s oil income has been unfrozen,� said the minister, and that �we have planned to raise Iran�s natural gas production 200 million cubic meters per day by the next two years.�


Zanganeh predicted that South Pars field project would be finished by 2017. �The priority set for production from shared fields in South Pars would bring about decline in fuel consumptions in industry and power plants,� he added, which he believed, �help the economy out of the recession.�


By Mehr News Agency





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