28 May 2016 - 11:41
  • News Code: 261669
President: Iran to Retake Its Oil Market Share Soon

TEHRAN, May 28 (Shana) -- President Hassan Rouhani said on Saturday that Iran will recapture its pre-sanction oil market share in the near future.

He made the remarks in the inauguration ceremony held Saturday morning for the start of new Iranian parliament.

Due to sanctions, Iran lost 180 million dollars per day of its oil revenues in the past four years, Rouhani added.

He said that if we had those financial resources which we lost due to the embargos, we had now a better employment condition and higher economic growth. 

Iran should move towards 8 percent growth, President stressed, adding that Iran needs foreign investment to reach its targeted development goal.

Iran needs 30 to 50 billion dollars investment each year to realize its economic development goals, Rouhani noted.
News Code 261669

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