Iran oil market booming – oil minister
Azerbaijan, Baku, Apr. 6/ Trend F.Milad/
Iranian Oil Minister Rostam Qasemi has said that Iran's crude oil has many customers around the world and there is no concern in this regard.
He added that the country holds 17-20 percent of the world's gas reserves and 12-15 percent of oil reserves, IRIB reported.
Qasemi said that the Islamic Republic exports petrochemical products to some 70 countries, adding that the country is OPEC's second oil producer.
Qasemi previously said that the global economic sanctions against the Islamic Republic will not be effective to hinder the country's oil industry progress.
IRNA news agency quoted Qasemi as saying that the ministry is committed to accelerate the implementation of development plans benefiting from financial resources of the banking system as well as issuing bonds.