15 May 2022 - 20:37
  • News Code: 456981
Reliance on Domestic Potentials Can Neutralize Sanctions

TEHRAN (Shana) -- The head of the Institute for International Energy Studies (IIES), Mohammad Sadegh Jokar, emphasized the need to market making in different countries, saying relying on domestic capabilities can help make sanctions ineffective.

Speaking at a press conference held on the sidelines of the third day of the 26th International Oil, Gas, Refining and Petrochemical Exhibition, also called Iran Oil Show, Jokar described the IIES as the think tank of Iran Ministry of Petroleum, saying his institute mainly focuses on the megaproject of ‘developing an operational strategy to avert the return of sanctions’ and also investigates other issues.  

Highlighting the institute’s role due to increasing developments, he said: “In the thirteenth administration, there is a close relationship between the IIES and oil industry, the most important of which is with the National Iranian Gas Company (NIGC) and we also try to cooperate with other sectors of the oil industry.”

The country’s energy strategy portfolio was developed in the Iranian year 1395, but it has yet to complete, he said, adding, “a strategy needs to include three principles: a measurable operational goal, pursuing how to implement it, and means to achieve it over a certain time.”

On Iran’s strategy for cooperation with the Russians in the current situation, he said: “We believe we have no permanent friend or enemy and national interests are a priority. We also believe that we can cooperate with the Russians. We are rivals for some issues but cooperating in others, and there are conflicts of interest in some other areas.

Referring to Russia’s role in gas supply to Europe, he said Europe gas market is not strategic for Iran and high transmission costs need to be paid. Russia has to supply gas from other countries to fulfill its export commitments in the future. Based on the production and consumption, Iran can purchase Russian gas and transmit it to increase its role in gas trade, he stated.

A strategic market is a market where our exports volume accounts for a significant percentage of total energy imports, he said, adding: “Studies show that gas consumption growth in Europe has been less than 0.5 percent in the last 10 years and will also experience a declining trend in the next 10 years.”

Maintaining Iraq market and entering Pakistan market is still possible despite sanctions, he added, saying: “Pakistan market has been already identified accurately and Iran’s rivals are defined.”

Regarding the world energy model of Iran (IWEM), he said the IWEM is about global energy outlook which was first designed in the Institute for International Energy Studies and we tried to complete it.

According to this model, Iran will have a outlook for demand, supply and price growth in various energy fields, the same as what is applied in the Energy Information Administration (EIA), the Organization of the Petroleum Exporting Countries (OPEC) and such organizations, he said: “this model focuses on oil in its first version and has been able to forecast different regional and global oil supply-demand scenarios.”

This model is important as it can help policymakers and decision-makers with oil exports and choose target markets, that what the demand for oil and what the price outlook are, he noted.

On cooperation with Latin American countries, he highlighted market making and said, “exporting technical and engineering services, selling raw materials and exporting energy in Latin American market can put on agenda, and the administration is trying to interact fairly and logically with private sector players.

The 26th International Oil, Gas, Refining and Petrochemical Exhibition opened on Friday (May 13) at Tehran International Permanent Fairground and will run to Monday (May 16).

News Code 456981

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