gulfnews : Iran oil minister sees big future for Revolutionary Guards' firm

An engineering conglomerate belonging to the Revolutionary Guards, Iran's elite military force, should further expand its role in the economy sector, Oil Minister Rostam Qasemi said yesterday, days after leaving the company to join the government.

Qasemi, who has already said Iran has no need for the foreign companies that have pulled out due to sanctions, told the official Irna news agency that his former employer, Khatam Al Anbia, should be used to fill their place.

'This construction base (Khatam Al Anbia) should become the replacement for big foreign companies,' he said.

* username: rupertbu