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Oil Minister: Iran's per capita income to reach 10,000 dollars

Tehran, May 17, IRNA-Iranian Oil Minister Bijan Namdar Zanganeh said in Tehran on Tuesday that Iran's per capita income will reach 10,000 dollars and oil revenues $900 billion dollars under the 20-year development plan.

Addressing the Second Seminar on Manpower Development, Zanganeh said that to achieve the targets the country should not just rely on the activities which are merely dependent on physical assets or sale of raw materials.

Zanganeh said that businesses that are relying just on non-replenishable natural resources, will not be able to help in the generation of wealth and value-added.

He said despite rich natural resources, Iran can not claim being rich, unless it moves towards development based on knowledge.

Putting total value of underground resources at about dlrs six trillion, Zanganeh said it is equal to Japan's annual GDP and 60 percent of the US' GDP.

He said the key to the country's development is raising standard of knowledge and manpower resources.

He added that natural resources and manpower are two advantages of Iran's oil industry and a good point for movement towards development based on knowledge.

... Payvand News - 5/18/05 ... --

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