Page 16 - MEOG Week 29 2021

MEOG NEWS IN BRIEF MEOG

Raisi’s incoming administration needs to start an agreement about the JCPOA, Iran’s OIL
the Vienna talks with world powers from skyrocketing inflation cannot be harnessed.
the scratch to revive the 2015 nuclear deal, A few Iranian economists also carefully PM inaugurates second
JCPOA. reminded Raisi during a meeting last week
Hamid Reza Aboutalebi was Rouhani’s first that the economy is not going to recover phase of Hamza
choice as Iran’s envoy to the United Nations without lifting of sanctions, but none dared to
in New York in 2013, but the United States mention the main problem with the economy development
rejected his credentials for his involvement - openness to the world.
in taking US diplomats hostage in Tehran in Hariri told Khabar Online that Iran’s new Jordanian Prime Minister and Minister of
1979. foreign policy should serve its economic Defence Bisher Al Khasawneh on Wednesday
Referring to a statement by Ali Rabiei, interests, adding that Raisi needs a foreign launched operations to rehabilitate the Hamza
Rouhani’s spokesman on Tuesday, policy and an economic team that speaks in oil field’s wells, which have so far increased
Aboutalebi said that talks to revive the one voice and believes in the importance of production from five barrels of oil per day to
2015 nuclear agreement might have to start foreign policy in lifting the sanctions on Iran’s between 1,500 and 2,000 barrels per day.
from the beginning under Raisi’s hardline international banking and oil export. The result of the first development phase
administration. The team needs to have detailed plans was approximately 52,000 barrels supplied to
Rabiei announced in a press briefing that and accurate priorities and work based on a the Jordanian oil refinery in Zarqa, the Jordan
the Supreme National Security Council has timetable in order to reduce inflation. Raisi News Agency, Petra, reported.
rejected a preliminary agreement reached in needs to work with economists at his Planning During the opening ceremony of the
multilateral talks in Vienna, that adjourned and Budget Organization, and his team at second development phase, Khasawneh
in June with no clear sign of when they will the Ministry of Industry needs to be well voiced aspiration to conduct further
resume. versed. Raisi’s economic team needs to avoid exploratory studies and development work in
Aboutalebi told Entekhab news, close populism. the Hamza oil field and other promising areas.
to the Rouhani administration, that the He added: “It is not important in what The prime minister called for making
statement by Rabiei about the SNSC’s ideology Raisi’s team members believe. the best use of other national oil fields and
rejection has put an end to six months What is important is that their performance sources. He said that the Kingdom is still a
of negotiations, adding that the Raisi should lead to a reduction in inflation. way from achieving self-reliance of its oil
administration will have to start the talks from Everyone knows that the key problem in Iran needs, despite the Hamza field’s significant
the very beginning. is uncontrolled inflation that leads to high production increase and expectant well
He said the United States is now building liquidity. Shedding money at every problem rehabilitation.
an international consensus against Tehran as will cause inflation.” The premier noted that he will continue to
a means of pressure and Iran is losing time Asked if there will be an economic tour various governorates to have a firsthand
when it needs to work on lifting US sanctions breakthrough without an agreement on the look at projects and economic activities in
and rescue its beleaguered economy. JCPOA, Hariri said: “Whatever we do, our cooperation with the private and production
Intense protests in Iran’s oil-rich region in foreign policy needs to lead to lower inflation. sectors.
the past six days puts added pressure on the Same time next year, we will find out if the Energy and Mineral Resource Minister
state to rescue the economy. foreign policy has been successful by looking Hala Zawati said that the ministry has
Aboutalebi added that even if the new at the inflation rate.” rehabilitated the Hamza field after 30 years
administration is interested in negotiations He warned that “unfortunately” everything of digging suspension, with the help of
with the United States, it is not clear how long in Iran is at the service of factional politics. the National Petroleum Company (NPC).
it will take to conduct new talks and if they This is a big flaw. Officials are chosen based She said that after a drop in production to
will be successful. on their political affiliation rather than their extremely low rates, production has now
Meanwhile, in an interview with Khabar expertise. Coalitions win elections and achieved a “remarkable” increase.
Online, Majid Reza Hariri the Chairman of turn into joint stock companies and every Zawati said that the Hamza field
the Sino-Iranian Chamber of Commerce stakeholder is looking for a share of political rehabilitation and its production increase was
said under the circumstances, he does not power. implemented through two phases, which took
expect the Raisi administration to work a IRAN INTL over two years. The first phase, which began
miracle to rescue Iran’s economy as without in December 2020, took more than a year to

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