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Iranian to open new chapter in supplying energy

English.news.cn   2014-04-15 01:41:30

DUBAI, April 14 (Xinhua) -- Iran is ready to open a new chapter in supplying oil and gas without politicizing the flow of energy, a high-ranking Iranian energy official said on Monday.

"Let us not increase the cost of producing and consuming energy by mixing politics with energy cooperation," said Ali Majedi, Iran 's deputy oil minister for international trade affairs.

Majedi made these remarks at the three-day 22nd annual Middle East petroleum and gas conference which began here on Monday.

According to the International Energy Agency, the Islamic republic used to produce 3.5 million barrels of crude oil per day at the beginning of 2012, but sanctions imposed by the European Union dragged its daily production down to 2.71 million barrels in November 2013.

Majedi said that the sanctions have hurt not only Iran but also its neighboring countries and Europe.

The deputy minister said Iran aims to increase its domestic production of crude oil to five million barrels per day, which mean its oil and gas industry will have a financing need of 255 billion U.S. dollars until 2015. He invited global investors to upgrade the Iranian energy industry in order "to secure the rising needs for fossil fuels globally."

Majedi added taht by 2015 Iran would be ready to not only export gas through pipelines but also ship liquefied natural gas to foreign markets. The country also plans to export gas through pipelines to nearly all European countries.

As a major oil and gas supplier, Iran would offer flexible contracts and incentives for foreign investors and "depoliticize energy relations along with open doors for technology transfer and the utilization of cross-border fields," Majedi said.

Editor: yan
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