Iran oil exports unfazed despite US quitting deal

SHANA– “Iran’s crude oil exports is continuing as before, and now stand at roughly 2.5 million barrels per day,” said the CEO of the National Iranian Oil Company (NIOC), referring to US walkout of the nuclear deal.

According to Iranian Parliament’s official website, ICANA, Ali Kardor commented on the state of Iran’s oil exports since US withdrawal from the nuclear deal, and stated: “The United States did not play a role in Iran’s oil exports, and if Europeans offer the necessary guarantees and continue honoring the Joint Comprehensive Plan of Action (JCPOA), Iran can continue its oil exports at the current levels.”

Provided that the Europeans stay committed to all aspects of oil exports, namely shipping, transportation, money transfer and insurance, there would be no problem with oil exports, the official noted.