Mar 1, 2021, 2:00 PM
Journalist ID: 1114
News Code: 84247355
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President: Iran “nearly not dependent” on oil revenues

Tehran, March 1, IRNA – President Hassan Rouhani said on Monday that Iran has adopted plan to reduce reliance on oil revenues and currently is not dependent on petro-dollars. 

The president said that the oil industry used to shoulder the burden of the country’s annual budget plan.

He, however, said that the oil industry is still a major significant industry, many of the country’s other activities rely on the oil industry.

Touching upon the performance of the Government in the area of oil and gas during his tenure, Rouhani said that the country’s gas extraction has now reached one trillion cubic meters a day from 600 mcm/d seven and a half years ago.

He said that Iran has now outpaced Qatar in extraction of gas from the South-Pars filed it shares with Qatar in the Persian Gulf waters.

Iran’s production from shared oil fields with Iraq in western country has increased five-fold, the president said.

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