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Iran will weather storm of 'oil plot': President Rouhani

Source: Tehran Times

TEHRAN - Iranian President Hassan Rouhani has predicted that oil prices will not remain low and has stated that Iran will deal with the current "oil plot" through the people's support.

cartoon by Mehdi Azizi, Shargh daily

Rouhani made the remarks on Wednesday in a speech to a large group of people in the eastern city of Birjand, the capital of South Khorasan Province.

Some Arab countries in the Persian Gulf, specifically Saudi Arabia, recently refused to lower the OPEC quotas, driving prices to their lowest levels in years. Saudi Arabia alone accounts for a third of oil exports by OPEC.

"Even though the oil plot has reduced oil prices, we will pass through this stage through your [the people's] support, and the price of oil will not stay at the current level," Rouhani stated.

He added, "Whatever plots they devise, the prospects of our nation are clear, and our nation will be the victor in every scenario."

Inflation brought down from 40% to 17%

Elsewhere in his remarks, Rouhani said his administration has succeeded in lowering the inflation rate from a high of 40 percent to 17 percent in the 16 months since he assumed office.

Source: Vatan Emrooz daily

He added that his government, in addition to a high inflation rate, inherited an economic crisis where there was even negative growth.

No country can develop by isolating itself

At another meeting, the Iranian president said no country in the world can achieve economic success through isolation.

"You do not see any country in the world that has been able to achieve success through isolation," Rouhani told a gathering of investors in Birjand.

He stated, "We cannot go into a corner and lock the doors and say we want to become self-sufficient in everything."

Rouhani said that "self-reliance and self-sufficiency is very good" but there is no country in the world that can claim it is self-sufficient in everything, since that is impossible.

Sometimes it is not economically wise to become self-sufficient in everything, he noted.

... Payvand News - 12/25/14 ... --

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