Tehran: 18:43, 2003/10/17 - In order to provide possibilities for the establishment of Iran’s Oil Stock Market, a permanent oil deal fair should be regarded as prerequisite, director of Iran’s International Energy Research Institution Mehdi Asali said here Friday.

In view of the prevailing obstacles, he added that major changes in oil legislations as well as within the structure of Iran’s oil ministry would facilitate the process.

“We can increase our OPEC share to 7 million barrels per day (bpd) provided that some $20 million is invested in our oil industry,” Asali said, pointing to Iran’s current 14-percent share in OPEC’s oil production basket.

Tehran: 19:58, 2003/10/14 - Iran has the technological requirements to operate Azadegan oilfield, but on the other hand, highly competent management and investment systems are needed for such a project, head of Iran’s International Energy Research Institution Mehdi Asali said here Tuesday.

“We did not mean to assign the whole project to the Japanese side of Azadegan project,” he added.

Industrialized countries use proficient managing systems, appropriate investments, good control of the project, and swift technology transfer. Thus, they often win big oil tenders, Asali stated.

He said that officials must regard transparency as the root cause of success for any activity including oil projects.

22 Mehr 1382 – 14 October 2003

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