Iran's private sector will play a role in crude oil exports in the near future, a syndicate official said.Head of the Exporters of Oil, Gas and Petrochemical Products' Syndicate, Hassan Khosrojerdi, made the above remarks in a news conference, adding that the private sector will take part in crude oil exports in the near future.
According to the oil ministry's website, he added the syndicate would assume the task of exporting 20 percent of the country's oil exports to new markets.
"Last year the Oil Ministry agreed with our proposition on private sector participation in oil exports," the head of the syndicate said.
He noted the syndicate is seeking to find new markets, aside from those markets the government is engaged in.
On oil products exports, Khosrojerdi said the syndicate managed to export 18 billion dollars of oil and gas based products, including petrochemicals.
He projected that once the private sector starts crude oil exports activities, the volume of the syndicate's exports would rise to 30 billion dollars in the current Iranian calendar year to 20th March 2013.
He also expressed the hope that the swap of oil products would be resumed as soon as possible in order to prevent oil products smuggling in border areas.
Source: FNA