He said any failure to raise the coefficient of oil recovery will result in waste of national waste underground.
He added that for the time being, there are 830 billion barrels of explored oil in Iran and one percent increase in the coefficient of their recovery will result in 8.3 billion barrels increase in oil recovery.
Taking oil sold for 40 to 42 dollars a barrel, an income of about 35 billion dollars will be earned, he noted.
He announced, “We should not lose the sources.”
The minister said the Joint Comprehensive Plan of Action (JCPOA) was one of the big works of government in the economic and political domains. “Following the JCPOA, oil sale was facilitated and the possibility was hence provided for receipt of money gained out of oil sale and access to the blocked equipment.”
Referring to his Majlis closed-door session briefing on Sunday about the new model of oil contracts and said almost overwhelming majority of MPs had positive attitude towards the new model of oil contracts.
He said the critics of the new model of oil contracts try to show the contracts are not good and they tend to show that the Iranian atmosphere is unstable.
“There is no country in the region as stable and secure as Iran. The Supreme Leader of Islamic Revolution Ayatollah Seyed Ali Khamenei considered security as crucial for the country and when a country is stable, both domestic and foreign investment will be possible.
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