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Iran to export crude oil by any means

2019-10-07T01:14:25.242Z


[Dubai, Reuters]-Iran's oil minister Zanganane stated that Iran would not succumb to the pressure of the United States, and expressed his intention to export crude oil by all means. Shana News reported on the 6th. Iran in 2015 in Iran


[Dubai, Reuters]-Iran's oil minister Zanganane stated that Iran would not succumb to the pressure of the United States, and expressed his intention to export crude oil by all means. Shana News reported on the 6th.

With the US withdrawal from the Iran nuclear agreement in 2015 and the reinstatement of economic sanctions against the country, Iranian crude oil exports have fallen by over 80%.

“Iran will use all means to export crude oil. Oil exports are Iran's legitimate rights and will not yield to US pressure.”

With increasing US pressure on Iran, foreign companies are reluctant to do business in Iran.

Last year, South Pulse Gas Field in the country with the resumption of sanctions in the United States withdrew French total <TOTF.PA> from the development of the 11th phase, and the China Petroleum Natural Gas Group (CNPC) became the operating entity. At the end of last year, it stopped investing in the gas field under US pressure.

According to Shana, Mr Zangane revealed that CNPC has completely withdrawn from the development of the 11th phase and that Iranian company Petropulse will take over the development.

According to media reports, Zangane also expressed a desire to improve relations with Arab countries, “Iran wants friendship with all neighboring countries. These countries should not see Iran as an enemy. I'm outside the Middle East. "

Saudi Arabia, who became tense over the attacks on Saudi Aramco's oil facility in September, said, “There is no conflict with Saudi Arabia. There is no problem with meeting Saudi oil ministers.”

Source: asahi

All news articles on 2019-10-07

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