• Dec 20 2016 - 13:50
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Oil Exports Doubled by Govt. Successful Oil Diplomacy

"Prior to the Joint Comprehensive Plan of Action (JCPOA), we were not allowed to sell more than one million barrels of oil and even the grip was to be further tightened but now, thanks to successful diplomacy of the current government...

Minister of Finance and Economic Affairs Ali Tayebnia says successful diplomacy of the current government had doubled oil exports.

"Prior to the Joint Comprehensive Plan of Action (JCPOA), we were not allowed to sell more than one million barrels of oil and even the grip was to be further tightened but now, thanks to successful diplomacy of the current government, we can export twice more than the figure to the world markets," Tayebnia said on Monday.

He said government has been in efforts to get rid of the economic and political crises, relying on wise policies and the academic-seminary think-tanks.

Tayebnia said talks to solve the nuclear issue had come to a standstill and was re-activated by current Iranian government, leading to an important accord in the scene of international relations. "The agreement officially recognized nuclear rights of the Iranian nation and ended the nuclear sanctions."

He added that Irans economy this year experienced highest growth rate and the inflation rate turned one-digit.

"When government took office, the economic growth was negative and inflation was more than 40 percent; this is while, in the first half (March 20-September 20) of this year (started on March 20), the production sector showed 7.4 percent growth and inflation rate has now lowered to 8.6 percent."

 

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