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Economic expert takes number two post at Iran's oil drilling

Oil&Gas Materials 6 August 2012 14:53 (UTC +04:00)

Azerbaijan, Baku, Aug. 6 / Trend M.Moezzi /

In an interview with Fars news agency, the Iranian Offshore Engineering and Construction Company's (IOEC) new deputy director said his expertise in economic issues is what brought him to the organization.

Although he has no experience in offshore drilling issues, Ali Akbar Arab Mazar, who served as the head of the State Tax Affairs Organization until coming to the IOEC, said he will be focused on "macro issues".

Those issues don't just involve financing. There is also the future and using the IOEC's resources to the fullest to think about. That includes pursuing the company's entrance into the international market.

Because the old traditional methods in financial markets won't work any longer, Iran has to find new ways to finance its projects, Dr. Arab Mazar said.

When asked whether it wasn't wiser for Iran to import the 2,000 kilometers of pipeline it needs for sour gas when it is cheaper than the domestically built version, Dr. Arab Mazar said the country has to think of its future too.

As for the international sanctions levied against Iran, the IOEC's deputy director said they had no effect on operations.

Dr. Arab Mazar studied in the United States where he got his PhD in economics and economic systems.

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