"Over the past two years, oil prices fell to their lowest level in Iran's history so much so that within a period of several months, the price for each barrel of the strategic item depleted to 30 dollars from 120 dollars.

"This is while we did not use our reserves to run the country within the period, rather deposited 20 percent of the income in the National Development Fund. Meanwhile, we were busy increase crude oil production capacity, while causing considerable growth in sweet gas production of South Pars gas field."