Iran says to go green as oil sanctions tighten
09 February, 2012
DUBAI: Iran should invest in renewable energy to preserve its hydrocarbon reserves, Iranian energy minister Rostam Qasemi said on Wednesday, as tightening sanctions make it increasingly difficult for Tehran to sell oil.
With Iran's biggest buyers cutting imports of its crude and looking for other suppliers, Tehran says the time is right for the world's fifth largest oil producer and the second biggest gas holder to go green.
"Reliance on hydrocarbon resources in the long run is neither possible nor meets national interests," oil ministry news website Shana reported Qasemi as saying in a statement.
"Gradual reduction of oil consumption on the one hand and a revolutionary and swift move toward using renewable energies on the other hand are the only appropriate mechanisms which can help the country," Shana reported him as saying in a statement delivered to the National Energy Conference in southern Iran.
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