Iran will use any possible way to export its oil

Iran will use any possible way to export its oil
October 6, 2019, 9:02 am

Iran will use any possible way to export its oil file photo AFP

Iran will use every possible way to export its oil, Iranian Oil Ministry’s website SHANA quoted Oil Minister Bijan Zanganeh as saying on Sunday, adding that exporting crude was the country’s legitimate right.

“We will use every possible way to export our oil and we will not succumb to America’s pressure because exporting oil is Iran’s legitimate right,” Zanganeh said.

Zanganeh also said on Sunday that China’s National Petroleum Company has pulled out of developing phase 11 of Iran’s South Pars gas field, Reuters reported, citing SHANA news agency.

Iran’s crude oil exports were cut by more than 80 percent when the United States re-imposed sanctions after President Donald Trump exited Iran’s 2015 nuclear deal with world powers last year.

Since then, Washington has reimposed sanctions on Tehran’s oil exports. In response, Iran has gradually scaled back its commitments to the 2015 nuclear deal, under which Tehran accepted to curb its nuclear activities in return for lifting most international sanctions.

Iran’s Atomic Energy Organisation (AEOI) reiterated on Sunday that the country would reduce its commitments under the deal further if the European parties to the pact did not meet promises to shield Iran’s economy from US sanctions.

“We will go ahead with our plans to decrease our commitments to the nuclear deal if other parties fail to keep their promises,” the Students News Agency ISNA quoted AEOI’s spokesman Behrouz Kamalvandi as saying.

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