28 Dec 2024
Thursday 24 December 2015 - 15:42
Story Code : 193882

Iran petroleum contracts to safeguard national interests: Oil union member

TEHRAN, Dec. 23 (Shana) - A board member of the Iranian Oil, Gas, Petrochemical Products Exporters Association (OPEX) is upbeat over Iran Petroleum Contracts (IPC) saying the new contract models are outlined taking into account serving the national interests.

They entail numerous benefits for both Iranian and foreign firms and many companies overseas have welcomed them, Hamid Hosseini told Shana on Wednesday.

Commenting on Tuesdays meeting between Petroleum Minister Bijan Zangeneh and members of the Tehran Chamber of Commerce, he said, Given the restraints due to plummeting global oil prices, the ministrys performance is positive and shows that it has a planned schedule.

Despite of the falling oil prices in the last two years, the ministry has played a major role in the countrys economic development, he added.

The oil union member also said that the fall in crude oil prices can lead to the integration of public and private sectors. When governments incomes reduce, it can undoubtedly result in closer ties between government and the private sector and enhanced cooperation.

By SHANA
https://theiranproject.com/vdcaaen6u49noa1.tgk4.html
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