Rouhani: Sanctions fail to stop Iran’s South Pars projects (UPDATE)

Rouhani: Sanctions fail to stop Iran’s South Pars projects (UPDATE)

Details added (first version posted on 13:56)

Tehran, Iran, Jan. 11

By Khalid Kazimov - Trend:

Iranian President Hassan Rouhani said the international sanctions on Iran have been incapable of stopping his country from launching projects to develop the South Pars gas field.

"Inauguration of various phases of South Pars gas field has taken place in a condition when sanctions against the country are still on," Rouhani said addressing a ceremonial inauguration of the Phases 15 and 16 of the South Pars gas field in southern Iran, which was aired live by the IRINN TV channel Jan. 11.

He added that this conveys the message that the sanctions imposed by the world's major powers failed to defeat Iranians.

Further addressing the ceremonial inauguration, Iranian president vowed that the sanctions will be removed within the next couple of days.

He said the removal of sanctions is in favor of Tehran and the world, adding that Iran made advances in various sectors of energy, science, technology, mining and industry during the sanctions era.

President Rouhani officially inaugurated Phases 15 and 16 of the South Pars gas field in southern Iran earlier on Jan. 11.

Early production of the phases started in 2014 with a capacity of 17 million cubic meters of gas.

Over the past two years, the phases have given out over 15.5 billion cubic meters of gas, 14 million barrels of gas condensate, 3,000 tons of sulphur, and over 5,000 tons of ethane.

During his address, Rouhani further vowed for economic growth in the upcoming Iranian year, which is to start March 21, and said all the phases of South Pars will be inaugurated by March 2017.

Speaking about the sharp declines in oil prices, he called on his government's critics to refrain from criticizing the ongoing recession in the country, as the country is suffering a sharp plunge in oil prices and sanctions.

He went on to speak about the country's draft budget for the upcoming fiscal year (starting March 21) and said the government has planned the budget in a way that only 25 percent of the total income will rely on oil sale revenues.

The president added that the budget plans of the regional states, which are among the largest producers and exporters of the crude oil, rely almost completely on oil revenues.

He further accused some regional countries of plotting against Iran by causing the plunge in oil prices and said the decline in prices had a backlash on their own economies and now they are facing budget deficit.

Further blaming the country's economy for being dependent on the economic situation of other countries, such as China and India, Rouhani pledged for bringing economic independence to Iran.

Turkey plans to resume flights with Azerbaijan soon
Turkey plans to resume flights with Azerbaijan soon
Turkey's export of electrical goods from Jan. through May 2020 drops
Turkey's export of electrical goods from Jan. through May 2020 drops
Turkish ministry discloses volume of crude oil transshipped via local ports
Turkish ministry discloses volume of crude oil transshipped via local ports
Loading Bars
Around 5.2 pct of Spanish population infected by coronavirus: study
Albanian parliament OKs 650-mln-euro Eurobond
Jordan to open most economic sectors, further ease movement restrictions
Vaccines group raises $8.8 billion for immunisation plans for poor countries
OPEC+ has encouraging signs of rising conformity, says Barkindo
Eni creates two new business groups
Barkindo: 2020 oil demand to return to levels before 2014-2016 market downturn
IFC co-ops with Uzbekistan on planning of future projects
20-odd airlines to resume flights to and from Cyprus
India pledges 15 million USD to international vaccine alliance
Baku expected to hold European Championships in Men's and Women’s Artistic Gymnastics in late 2020
UN Office on Drugs and Crime, Turkmenistan discuss joint projects
Demand from banks at foreign exchange auction decreases in Azerbaijan
Georgia takes steps to foster development of local businesses
Turkey plans to resume flights with Azerbaijan soon
WHO mission to visit Turkmenistan
Cashless transactions in Azerbaijan on rise from Mar. through Apr. 2020
GNERC reveals market share of Georgian mobile operators
Representatives of diplomatic corps in Azerbaijan may work on weekends
GNERC reveals number of mobile subscribers in Georgia
Online payments grow in Kazakhstan
Global expenditures of oil & gas exploration to decline
COVID-related economic consequences to test Kazakhstan insurers' resilience
TABIB: Decision, rules related to international flights to be announced soon in Azerbaijan
Turkey's export of electrical goods from Jan. through May 2020 drops
11 insurers increase payment of insurance claims in Azerbaijan
Azerbaijani Operational Headquarters: Domestic flights may be renewed in coming days
Android OS ranks first in Azerbaijani market albeit with lower percentage
Uzbekistan's Ministry of Energy, EBRD developing low carbon energy strategy
Georgia implements new agricultural project
Azerbaijan's Elektrogas LLC unveils plans on manufacturing combi devices
Azerbaijan records multi-fold increase in online sales amid COVID-19
Kazakhstan's state commission to prepare strategic development plan till 2025
TABIB recommends journalists, other employees of news agencies in Azerbaijan to work from home
Georgia records over 150 cases of illegal logging
12 insurance companies reduced collection of premiums in Azerbaijan in April 2020
Kazakhstan's Agrarian Credit Corporation makes decision on dividend payments
Turkish ministry discloses volume of crude oil transshipped via local ports
All pharmacies, stores to be closed in some Azerbaijan's cities on weekend
Two-three-day restrictions may be introduced during following weekends in Azerbaijan
German auto stimulus to boost VW's electric push
Russia's Eximbank opens correspondent accounts for Uzbek banks
Georgia works with foreign experts on post-crisis economic plan
TAP announces changes in market test schedule
Production volume, cost of panel radiators in Azerbaijan announced
Nine Azerbaijani insurers increase collection of premiums in April 2020
Azerbaijan's Elektrogas talks opening of plant for manufacturing heating equipment
Uzbekistan reveals data on future projects in Syrdarya region
Data on naphtha shipment via Turkish ports from Jan. through Apr. 2020 revealed
Azerbaijan reports 262 new COVID-19 cases
Supply of gas to remote areas of Turkmenistan's Dashoguz region increasing
Baku Stock Exchange holds auction on placement of Central Bank's notes
Russian ETN-Cyclone commissions coal chemical plant in Kazakhstan
UNICEF Uzbekistan opens tender for purchase of off-road vehicles
Iranian president inaugurates 8 water, power projects
EU supports Azerbaijan's integration to green economy - FAO
AIIB may co-fund COVID-19 response, expenditure support program in Kazakhstan
Fitch affirms three private banks of Uzbekistan with Stable outlooks
Ireland seeks health officials' backing to speed up reopening plan
Spain maps route for late June tourism opening
France says German recovery plan 'good news', French plan due soon
Uzbekistan sends another batch of wild cherries to South Korea
Stock market expert outlines low-risk sectors in Iran
Residents of some Azerbaijan’s cities may leave homes upon special permission
Uzbekistan issues first license for wholesale of alcohol products
BP, SOCAR agreed on transition period for SCP operatorship
Azerbaijan announces allowed activities during strengthened quarantine
Spain's lower house opens process to create digital tax on internet giants
Kazakhstan's oil & gas company opens tender for oil waste processing
Kazakh-Chinese company to buy spare parts for pumps via tender
Azerbaijani PM appeals to population due to sharp increase in number of cases of coronavirus infection
Azerbaijan's PM talks new restrictions due to spike in COVID-19 infections
Geostat: Trade sector has highest share in total turnover of Georgia's business sector
Amazon in talks to buy $2 billion stake in Indian telco Bharti Airtel
Central Bank of Azerbaijan unveils value of deposits in national currency
Customs service of Turkmenistan improves export control
Total purchases of goods and services by Georgian enterprises up
Azerbaijani Mortgage and Credit Guarantee Fund discloses number of apartments rented by citizens
Azerbaijan to tighten quarantine regime in some cities
Uzbekistan creates inter-parliamentary groups with France, Belgium
Uzbekistan to create joint project institute with South Korean company
Georgia reveals amount of funds to pay debt
Kazakhstan to revisit investment projects pool to up funds attraction
Azerbaijani MP says quarantine regime may be re-applied due to increase in infection cases
Turkey unveils data on cargo transshipment through Istanbul port
Iran reveals its COVID-19 data for June 4
Kazakh company launches camel milk export to China
Azerbaijan discloses data on payments in insurance market for April 2020
Exports from Mexico to Azerbaijan increase 225.49% in first quarter of 2020
LVMH has explored coronavirus impact on Tiffany deal terms
Foreign investments in Uzbekistan grow
Saudi Aramco to delay July OSPs pending OPEC+ meeting
German economy should reach pre-crisis level in H2 2022
OPEC+ may meet this week if laggards agree to comply
Azerbaijani Azexport portal to launch contactless delivery service
Business sector turnover expands in Georgia
Transshipment of goods from Spain via Turkish ports revealed
Georgia reports one new COVID-19 case
Enthusiasm for possible OPEC+ extension subsides
Average monthly amount of mortgage loans in Azerbaijan hits record high
All news