TEHRAN, Nov. 27 (MNA) With the removal of sanctions specified by Genve deal, Iran has faced different challenges in selling its oil.Mehr News reported that reports by international organizations indicate that Rouhanis government had experienced a loss of 200,000 to 250,000 barrels of oil. Among new challenges to Irans oil export are decreased demand side, and unconventional crude oil in the market.
The observers warn that tactics of providing oil in lower prices and pricing battles were not favorable tactic for Iran in an attempt to restore its oil markets.
After Genve deal, Irans oil sector has faced decrease in constraints on its oil export, such that some Irans oil customers like Taiwan, Sri Lanka, and South Africa had started bargain to resume oil imports from Iran.
According to Genve nuclear deal, sanctions on insurance, oil tankers, swift bank transactions of money have been removed, however, Iran faces fierce competition with Saudi Arabia, Iraq, Russia, Venezuela, and Persian Gulf Arab states to return to markets.
Javad Yarjani, former head of OPEC affairs told Mehr News situations for exporting oil was definitely better than situation during the War with Iraq when even a single day, Iran had not stopped oil exports.
Our policies should promote the message that the world should not be needless of Iranian oil, he said.
The oil ministry former diplomat emphasized that during few past years, refinery plants replaced Iranian oil with other oils in the market. however, Irans National Oil Company would develop new innovative tactics to improve its oil exports, Yarjani said, and commenting on the possibility of providing oil in lower prices, he said that definitely it was not the proper method, since our rivals would also provide oil in lower prices, thus minimizing the tactics effectiveness.
By Mehr News Agency
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