EU official praises Iran for reducing dependency on oil exports

EU official praises Iran for reducing dependency on oil exports

An EU adviser on economics, Mehrdad Emadi, believes that there must be a reduction of Iran’s dependency on oil exports, Trend reports.

Iranian oil exports in June-July dropped to 1.1 million barrels daily, compared with 2 million in early 2012.

Iranian Deputy Minister for Industry and Mines for international affairs Ali Asgar Ramzi said that Iranian income from non-petroleum industry increased from $7 billion to $50 billion in the last 10 years. Big economic growth was achieved in two years of the five-year plan.

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