Iran General NewsIran boasts of oil export potential

Iran boasts of oil export potential

-

UPI: Iran has a better opportunity to maintain a vibrant customer base for its oil products despite economic sanctions, Oil Minister Rostam Qasemi said.

United Press International

TEHRAN, April 19 (UPI) — Iran has a better opportunity to maintain a vibrant customer base for its oil products despite economic sanctions, Oil Minister Rostam Qasemi said.

The U.S. Energy Department last month reported “unprecedented drops” in Iranian crude oil exports because of U.S. and European sanctions imposed on the energy sector.

Nevertheless, Qasemi said Iran has more oil customers outside the United States and European Union.

“We have other customers today and more than 60 countries today, in fact, are purchasing our petrochemical and oil products and derivatives,” he told state-funded broadcaster Press TV. “So we have our presence. We have maintained our presence in the market.”

Countries can get waivers from U.S. sanctions if they show “significant” reductions in crude oil purchases from Iran. Sanctions are meant to starve Iran of the funding it may need to support its nuclear program.

Iran kicked off an oil and natural gas exhibition this week. Qasemi said he expected more than 1,000 foreign and domestic companies to attend.

The Organization of Petroleum Exporting Countries, in its April report, said Iranian crude oil production declined from 2.7 million barrels per day in January to 2.6 million bpd in March.

Latest news

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...

What Is Happening in Iran?

Following the brutal killing of Masha Amini, the Iranian people have once again united to fight and defeat the...

Iran Regime’s Ministry of Culture’s Decision To Eliminate Children’s Intellectual Centers

With the so-called ‘Cultural Revolution’ which took place between 1980 and 1983, the Iranian regime tried to purge the...

Water Shortage Crisis and the Destruction of Iran’s Water Resources

Iran is currently suffering from a number of dangerous natural disasters. One of the most worrying is the drying...

Economic Freedom Under the Rule of the Mullahs in Iran

The Fraser institute published its annual report of the index of economic freedom on September 8, which measured the...

Must read

Iran’s Nuclear Threat

New York Times - EDITORIAL: One of the most...

Iran warns of Western influence on Islamic press

Iran Focus: Tehran, Iran, Nov. 23 - Iran’s Minister...

You might also likeRELATED
Recommended to you