Speaking on a visit to the northern Mazandaran province on Saturday, VP Sattari criticized oil economies for their incapabilities, saying that nowadays, the price of a barrel of oil is lower than a bottle of perfume.
"Development with an oil economy is impossible, and we must all realize that dependency on oil revenues will get nowhere," Sattari said.
He urged for a technolgy-based economy, saying that "today, no country is going to oil-rich countries for technology."
The vice president pointed out that drug production is one of the most important areas that knowledge-based companies are involved in Iran, adding tha 98% of the country's human medicines are produced domestically.
He added big steps have been taken by the knowledge-based firms in the area of veterinary pharmacy and nutrition industry.
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