OPEC reaches a deal to cut production (02 December 2016 17:46)
President Ilham Aliyev received delegation led by Iranian Minister of Information and Communications Technology (29 November 2016 12:34)
President Ilham Aliyev received delegation led by Iranian Minister of Information and Communications Technology (29 November 2016 11:46)
Date: 13 December 2015 14:22
Baku, Azerbaijan, Dec. 13
By Khalid Kazimov – Trend:
Iran’s First Vice President Eshaq Jahangiri has said that the governments will support domestic producers after the removal of international sanctions.
However, backing domestic producers does not mean that the government will stop international companies from entering in Iranian market, he added.
He made the remarks at the opening ceremony of the 12th Iran Petrochemical Forum (IPF 2015) in Tehran Dec. 13, SHANA news agency reported.
He said that the International Atomic Energy Agency (IAEA) is expected to issue a resolution on the closure of Iran’s PMD (possible military dimensions to Tehran’s nuclear program) file.
The P5+1 have held talks in Vienna since December 3 aimed at drafting a resolution to settle Iran's PMD file in the Board of Governors. The resolution is expected to be passed on December 15 by the IAEA’s Board of Governors.
According to a landmark deal clinched between Iran and the world powers in July, financial sanctions imposed by the West against Iran, its banking system and industry over Tehran’s nuclear program, are expected to be lifted in return for scaling down the Islamic Republic’s nuclear program.
The IAEA has been given the role of verifying Iran’s commitments under the lasting nuclear deal.
Saying that global economic developments had a role in the oil prices slump, he criticized certain oil producers for increasing their production and said they harm their own people as well as other Muslim nations in the region.
OPEC Basket Oil Price stood at $34.80 per barrel on Dec.9, plunging to its lowest level since December 29, 2008.
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