TEHRAN (Shana) -- "Saying that the US will bring Iran's oil exports to zero is an irrelevant statement," said First Vice President Eshaq Jahangiri, noting there is however a possibility that Iran's oil exports would diminish after re-imposition of US sanctions.
Addressing a gathering of university chancellors and deans on Monday, the official said the country was in a perilous state but it did not mean that all factors were threatening; rather, opportunities could be created even in difficult times.
He said the domestic capabilities and resources should be tapped to tackle potential embargoes, adding universities and research centers are the best places for finding ways to fight the sanctions.
Mr. Jahangiri said when the US targets Iran's economy, merely economic decisions could not be the best way to counter it.
"The US is attempting to bring Iran's oil sales to zero by imposing banking and transportation restrictions, and the administration, despite all the difficulties and hardships, is seeking solutions to quash their [US] plans."
Pasargad Energy Development Co. (PEDC) is an independent energy company based in Iran. PEDC is an integrated energy company whose activities span the entire value chain including exploration, production, refining, petrochemicals marketing, power generation & renewables as well as new high-tech venture capitalizing. Our headquarter is located in Tehran. PEDC is present across the Iranian continental shelf and international market through its subsidiaries. We create value for our shareholders through active investment, high-level monitoring of our projects, building world-class partnership and managing our risks effectively and making balanced portfolio. Meantime, we contribute to the sustainable development of the energy sector and communities in our country. PEDC’s competitiveness relies upon our values-based performance culture, with a strong commitment to transparency, cooperation and continuous operational improvement. As a wholly owned subsidiary of the Pasargad Financial Group, with Pasargad Bank being a distinctive shareholder, we owe our success to our experience, management knowledge and strong local/international partnerships since 2008. PEDC is committed to maintaining sustainability and being recognized as the strategic partner of choice in Iran’s energy and petrochemical sector.