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News number: 9107168860

11:36 | 2013-05-11

Economy

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Minister: Iran's Oil Industry on Road to Self-Reliance

TEHRAN (FNA)- Iranian Oil Minister Rostam Qassemi announced that the country is moving on the road to self-sufficiency in meeting the oil industry's needs to equipment.



"More than 80 percent of the equipment needed for the development of the oil industry was imported from the western countries before the sanctions were imposed. But now we are able to meet our domestic needs and even export some of the goods," Qassemi said on Friday.

Qassemi underlined that the western sanctions have failed to cause problems in the development of Iran's oil and gas industries.

Washington and its Western allies accuse Iran of trying to develop nuclear weapons under the cover of a civilian nuclear program, while they have never presented any corroborative evidence to substantiate their allegations. Iran denies the charges and insists that its nuclear program is for peaceful purposes only.

Tehran stresses that the country has always pursued a civilian path to provide power to the growing number of Iranian population, whose fossil fuel would eventually run dry.

Despite the rules enshrined in the (NPT entitling every member state, including Iran, to the right of uranium enrichment, Tehran is now under four rounds of UN Security Council sanctions and the western embargos for turning down West's calls to give up its right of uranium enrichment.

Tehran has dismissed West's demands as politically tainted and illogical, stressing that sanctions and pressures merely consolidate Iranians' national resolve to continue the path.

Tehran has repeatedly said that it considers its nuclear case closed as it has come clean of International Atomic Energy Agency (IAEA)'s questions and suspicions about its past nuclear activities.