Energy industry in post-sanction era

TEHRAN, Aug. 22 (MNA) – Describing three possible scenarios for Iran’s energy industry in post-sanction era, deputy minister of energy announced upcoming visits of European energy and economic delegations to Tehran.

Pointing to Iran’s major scenarios for Energy Industry in post-sanction era, Houshang Falahatian said that, “at the time of the sanctions we took effective measures in designing, producing and manufacturing goods, equipment and technologies related to energy and power industries hence the increase in the self-sufficiency standard of these industries.”

Referring to development of Iran’s cooperation with European countries, deputy minister of energy highlighted that, “in order to achieve this goal, several European energy and economic delegations will soon visit Iran.”

The official reminded that the Ministry of Energy’s major plans for the post-sanction era included transferring technical knowledge and new technologies, improving the quality of indigenous products, and increasing the export of electricity, energy and related technical services; he also expressed hope for the revival of the economy of energy industry as a result of cooperation between domestic and foreign artisans and manufacturers.

Rejecting any sort of restriction on foreign investment in Iran’s power and energy industries, Falahatian stressed that, “nonetheless, the first priority of the Ministry of Energy would be to take advantage of domestic manufacturers’ capacity.”

Deputy minister of energy, referring to a new legislation which supports renewable wind and solar power plants, said that, “even though the removal of sanctions might lead to more cooperation with foreign companies, we have considered certain advantages for those wind and solar plants which are built based on indigenous technologies.”

 

News Code 109383

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