From: William Gladys <william.gladys@tiscali.co.uk>
Date: Sat, May 28, 2011 at 12:49 AM
Subject: Fw: 'Sanctions pave way for Iran progress'
To: world_Politics@googlegroups.com
http://www.presstv.ir/detail/181890.html
'Sanctions pave way for Iran progress'
Thu May 26, 2011 6:19PM
Iranian Deputy Oil Minister Mohsen Khojasteh-Mehr
Iran's deputy oil minister hails the country's achievements in eluding pressures imposed by the West on the Islamic Republic through aggressive sanctions.
"The sanctions imposed against our country have now been turned into opportunities for [domestic] progress as we have well managed to push the sanction-fueled tensions out of significance," Mohsen Khojasteh-Mehr told an energy conference on Thursday in Tehran, IRNA reported.
"The purpose of [US-led] sanctions against Iran is to counter the very essence of the Islamic Revolution and our country's development," the official said, condemning the sanctions as being "in contradiction to the basics of economy and the principles of humanity."
Khojasteh-Mehr noted that investment in Iran's oil industry between 1989 and 1993 increased from USD 24 billion to over USD 89 billion between 2005 and 2009, adding that upstream oil and gas industries account for USD 43 billion of the latter figure.
Iran's deputy oil minister also said that Iranian experts have reached full independence in the design and implementation of oil projects as well as the installment of equipment and erecting structures required in the process.
The official said Iran's oil sector has gained 60 percent self-sufficiency in the production of its needed commodities and facilities.
The achievements come as Western powers -- led by the United States -- have been making attempts to cripple Iran's energy sector in a bid to dissuade it from carrying on with its peaceful nuclear program.
On June 9, 2010, the United Nations Security Council approved a US-engineered resolution imposing a fourth round of sanctions on Iran, particularly targeting its energy and financial sectors over unverified allegations that the country is pursuing a clandestine nuclear weapons program.
Shortly after the UN sanctions, the US imposed fresh unilateral sanctions against Iran's financial and energy sectors, and then pressured Japan, Canada, and Australia to impose similar unilateral sanctions on the Islamic Republic to hit investment in the country's energy-related industries.
Iran says that as a member of the International Atomic Energy Agency and a signatory to the Nuclear Non-Proliferation Treaty, it has a right to pursue and utilize nuclear energy for peaceful purposes, including electricity generation and medical research.
On Tuesday, Washington imposed sanctions against seven foreign companies that deal with Iran as part of its campaign to tighten its embargo against Tehran. Under the aggressive measure, the firms are denied US government contracts and banned from Washington's export financing.
MRS/AKM/MB
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Palash Biswas
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