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08/31/09

Iran Reject Reports on Reduction of Crude Oil Sales

TEHRAN (Fars News Agency)- Iran's OPEC Governor Mohammad Ali Khatibi on Monday rejected media reports on Tehran's decision for lowering crude exports.

Commenting on the yesterday remarks by President Mahmoud Ahmadinejad, Khatibi told FNA, "I believe, the president underlined that Iranian oil industries should find proper ways for refining crude oil and changing it into oil products and then export those refined products to other countries, instead of exporting oil in form of crude."

He further rejected a Reuters' report that Iran plans to reduce crude exports.

"We should reduce our oil exports and we should actually further develop our downstream industries ... in order to make use of the value added of the industry in the country," Reuters quoted Ahmadinejad as saying in the parliament as he introduced his proposed ministers to lawmakers.


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Khatibi further noted that exporting engineering expertise and services does not mean a reduction of crude exports.

"One of the defined solutions to boost productivity and efficiency is halting exports of oil in the form of crude," said the Iranian OPEC governor, adding, "Oil authorities and decision-makers have always sought to stop export of oil in the form of crude."

Khatibi stated that a reduction in crude exports would be beneficial to Iran when the country increases the number of its refineries to transform its crude into various oil products.

... Payvand News - 08/31/09 ... --



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