Sanctions on Iran's energy sector will hinder the goal of energy security and price stability, as the Islamic republic is deprived of much-needed investment in its oil and gas sector to achieve production growth, the head of the International Energy Agency said Tuesday.
Sanctions on
Iran
's
energy sector will hinder the goal of energy security and price stability, as
the Islamic republic is deprived of much-needed investment in its oil and gas sector
to achieve production growth, the head of the International Energy Agency said
Tuesday.
"Iran has huge potential but they need investment...the sanctions are
impacting on the necessary investment into Iran for future capacity
increase," Nobuo Tanaka, executive director of the Paris-based energy
watchdog, told reporters on the sidelines of the Oil & Money conference in
London.
Along with energy security, the issue of nuclear non-prolifaration is hugely
important for global security and the two issues should be balanced, Tanaka
added.
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