“Rapid and sustainable and job-creating economic growth [is required] such that b mobilizing the country’s facilities and potentialities, the average economic growth would reach 8% throughout the [6th five-year economic development] plan,” Ayatollah Khamenei wrote to the government.
The supreme leader on Tuesday signed off on the country’s 6th economic development plan (2015-2020) and issued an executive order.
In the plan, Ayatollah Khamenei also said the business environment in the country should improve and the competitive structure of markets should be reinforced.
The supreme leader also called for “the attraction of investment from Iranian expatriates and foreign investment by creating the necessary motivation and incentives”.
Ayatollah Khamenei ordered the transfer of “30% of revenues from oil, gas condensate and gas exports every year to the National Development Fund of Iran and an annual 2% increase to this allocation.”
He called for the completion of the value chain of the oil and gas industries and reduction of energy consumption in the country.
Ayatollah Khamenei said private companies should be also established for “investment in exploration activities (not ownership), operation and development of oil and gas fields particularly those shared” with neighboring countries.
The Supreme Leader said the share of renewable energies should also increase while small-size power plants should be constructed across the country.
He also called for the privatization of associated gas gathering projects in all oil fields and petroleum industry facilities.
Ayatollah Khamenei said the recovery rate from oil and gas wells should increase on a steady basis, adding that the upstream and downstream oil and gas industries should both become knowledge-based.
Your Comment