Talking to SHANA, Alireza Varnasseri added, “Considering the plans outlined by the Oil Ministry, we can sell and export more oil and solve some domestic economic problems.”

Pointing to the oil industry’s important role in creating job opportunities and developing the country, the lawmaker said the industry has now become the pivot on which the country’s economic progress turns.

The member of the Iranian Parliament's Energy Committee also referred to the oil sector’s bigger contribution to Iran’s economic growth.

Last month, the Central Bank of Iran (CBI) registered 16.4 percent economic growth for domestic oil industry.

Iranian Oil Minister Javad Owji said investment and completion of unfinished projects have led to the increase in production and exports and consequently helped the oil sector stand top in Iran’s economic growth ranking in the past two years.

He added the Monthly Oil Market Report (MOMR) of the Organization of the Petroleum Exporting Countries (OPEC) also showed that Iran has regained its position as the third-largest crude oil producer.