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Iran mulls cut to crude oil sale

IRNA - Islamic Republic News Agency

Tehran, Oct 24, IRNA -- Iran is mulling a plan to cut crude oil sales to save value added coming from producing oil derivatives to supply to the market of 70 million population.

The head of Iran National Standard Organization Nezameddin Barzegari said that the five-year development plan has envisaged a halt to crude oil sales and producing oil derivatives to save value added for the national economy.

Barzegari said in a ceremony to inaugurate ISO 17025 laboratory in Pars Oil Company in Iranian city of that oil, the God-given resources should be directed for optimal use and channeled to the downstream industries.

He said for years crude oil was exported and the governments looked at the oil income as windfall to be spent on luxury goods, a decision which should be abandoned in favor of Resistance Economy.

He noted that planning has been made to bolster downstream industries in oil sector to produce motor oils which is a profitable industry.

Investment in downstream industries can have an impact on Gross National Income and serve as a driving force for national industry, he said.

"Our country enjoys good advantages in major oil and producing oil derivatives," he said, adding, "We can emerge as major exporter of the products in the region and we should include the policy in macro policies of the system, which are confirmed by the Supreme Leader of Islamic Revolution," he said.

On the ISO 17025 laboratory at Pars Oil Company, he said among merits of the laboratory is that it would operate based on the international standards, whose certificate can be accepted in other countries.

Based on an agreement signed with a European company, he said, domestic laboratories, bearing 17025 standard, can be used to prevent outflow of foreign currency and create considerable jobs for the domestic educated individuals.

The official said Naft Pars Company is a major motor oil and industrial lubricant producing company, run by an experienced staff.

He said operation of ISO 17025 laboratory in Pars Oil Company can serve as a scientific and educational center for a variety of motor oils.

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Islamic Republic News Agency/IRNA NewsCode: 1030518



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