Iranian oil minister: Private sector need to become more active in oil industry
Baku, Azerbaijan, Jan. 13
By Rahim Zamanov - Trend:
The private sector has the capacity to carry out $75 billion worth of petrochemical projects, oil projects worth $10 billion, and 3,000 kilometers of pipeline-laying projects, Iranian Oil Minister Bijan Namdar Zanganeh said on Jan. 12, the Moj News Agency reported.
"In the past eight years, the government never used its true potential of private sector contractors," he added.
Zanganeh went on to note that the cost of implementation of projects should be lowered.
In March 2013, the Mehr News Agency quoted the chairman of the union of Iranian exporters of oil derivatives, Hassan Khosrojerdi, as saying that the Iranian private sector has stopped exporting crude oil.
"Domestic banks do not support exports of crude oil by the private sector," he added.
"The National Iranian Oil Company does by no means sell crude oil on credit to the private sector," he stressed.
"Some managers in the NIOC put hurdles in the way of the private sector for exporting crude oil," Khosrojerdi said.