Parliament OKs Ministry’s Joint Field Extraction Policy

Speaking to Shana on the sidelines of the Press Exhibition, Khodabakhshi said parliament is supportive and positive with extraction from the joint oil and gas fields.

He noted that extraction from the joint oil and gas fields and turning the yielded product into value-added will earn the country petrodollars and create jobs.

He emphasized that based on the Sixth Five-Year Plan (2016-21), recovery coefficient from oil fields should be enhanced.

“Parliament deputies expect Ministry of Petroleum to observe guidelines of the Supreme Leader of Islamic Revolution Ayatollah Seyed Ali Khamenei in connection with the Resistive Economy,” he concluded.