16 September 2015 - 12:45
  • News Code: 246983
JCPOA to Boost Iran’s Role in Global Oil Market: President Aide

TEHRAN Sept. 16 (Shana) – Iranian President’s Chief of Staff Mohammad Nahavandian said implementation of the nuclear Joint Comprehensive Plan of Action (JCPOA) will add to Iran’s role and participation in the international oil markets.

“It was necessary to check the trend which had resulted in diminishing Iran’s bargaining power and impact on the energy market so that Iran could return to its original stand,” he told a parliamentary hearing.

Speaking at the Special JCPOA Committee, he said removal of sanctions on exports of oil, gas, and petrochemical products and lifting the ban on import of sensitive goods for industries will increase the competition edge of Iranian companies.

Nahavandian also said that the post-sanctions period will be marked by higher employment and increased foreign investment.

News Code 246983

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