Iran General NewsIran in talks to sell oil to Egypt: agency

Iran in talks to sell oil to Egypt: agency

-

Reuters: Iran is in talks to sell crude oil to Egypt, Iranian Oil Minister Rostam Qasemi was quoted as saying by the Iranian Students’ News Agency (ISNA) on Monday.
DUBAI (Reuters) – Iran is in talks to sell crude oil to Egypt, Iranian Oil Minister Rostam Qasemi was quoted as saying by the Iranian Students’ News Agency (ISNA) on Monday.

Iran has been looking for new buyers for its oil as western sanctions over its disputed nuclear program squeeze sales to long-time customers.

Iranian officials have said on several occasions over the last few months they are in talks to sell oil to new customers, but rarely name them and there is little evidence of significant volumes of oil being shipped to new customers.

A spokesman for Egypt’s oil ministry had no immediate comment on Qasemi’s reported remarks but referred questions about Iran’s policy back to Tehran.

Diplomatic relations between Tehran and Cairo broke down after Iran’s 1979 Islamic revolution over Egypt’s support for the overthrown Shah and its peace agreement with Iran’s arch-enemy Israel.

Since the fall of President Hosni Mubarak, there have been signs of warming relations, including Egyptian President Muhamed Mursi last month making the first visit to Tehran by an Egyptian leader in more than 30 years.

Egyptian Petroleum Minister Osama Kamal told state owned Al-Ahram newspaper earlier this month that Cairo had “no objection” to importing Iranian crude and processing it in Egyptian refineries.

The European Union imposed a total ban on purchases of Iranian crude from July, making it difficult for Tehran to sell all its oil, the lifeblood of its economy.

(Reporting by Zahra Hosseinian, Daniel Fineren and Maha El Dahan; Editing by David Holmes)

Latest news

Iran, the Resurrection of the Concept of ‘Revolution’

These days, Iran’s political and social environment has witnessed massive storms, which have changed the meaning of all concepts....

Iran Regime’s Response to Protests Censorship and Violence

The Iranian regime’s leadership has reacted to the ongoing wave of protests over the death of Mahsa Amini, the...

Iran’s New Generation Seeks Nothing but Regime Change

In a silly and desperate statement, the Iranian regime’s foreign minister Hossein Amir-Abdollahian claimed that nothing special is going...

Iran’s Youths Broke the Spell of Fear

One of the main characteristics of the recent protests in Iran is the courage and fearlessness of the people,...

Iran Is on the Brink of a Revolution

The wall of fear has been broken. In many cities across Iran, women are taking to the streets, leading...

Iran’s Regime Claims To Fill Global Energy Gap Despite Crippled Petroleum Sector

In recent weeks, the Iranian regime’s officials have been constantly exaggerating their huge capacity in oil and gas reserves...

Must read

Iran regime Takes Revenge from Ahmad Montazeri

Iran Focus London, 24 October - The son of former...

Iran’s Shaky Chair in Nuclear Negotiations

Iran’s nuclear case is entering a very dangerous phase....

You might also likeRELATED
Recommended to you