Following implementation of the Joint Comprehensive Plan of Action and the removal of sanctions, Iran has been provided with an opportunity to import new and sophisticated technologies to boost energy production, says deputy oil minister.
‘Following the implementation of the JCPOA Iran can regain its position as the main regional player in the energy sector,’ Mohammad-Reza Moghadam told the fifth international conference on Emerging Trends in Energy Conservation– ETEC 2016 – on Monday.
‘We should use the post-sanctions era to bring in new technologies,’ Moghaddam added.
He said that Iran currently employs ordinary methods to extract oil and gas from its reserves which caused lowest co-efficiency.
We should employ more sophisticated methods for optimum level of production from our energy reserves, he said.
The 5th International Conference on “Emerging Trends in Energy Conservation – ETEC 2016” is co-organized by Iranian Fuel Conservation Organization and the Tehran-based Economic Cooperation Organization.
Started today, the international conference will work for two days.