19 Apr 2024
Sunday 6 October 2019 - 14:19
Story Code : 360727

Iran will use every possible way to export its oil: SHANA

Reuters - Iran will use every possible way to export its oil, Iranian Oil Ministrys website SHANA quoted Oil Minister Bijan Zanganeh as saying on Sunday, adding that exporting crude was the countrys legitimate right.

We will use every possible way to export our oil and we will not succumb to Americas pressure because exporting oil is Irans legitimate right, Zanganeh said.

Irans crude oil exports were cut by more than 80% when the United States re-imposed sanctions after President Donald Trump exited Irans 2015 nuclear deal with world powers last year.

Since then, Washington has reimposed sanctions on Tehrans oil exports. In response, Iran has gradually scaled back its commitments to the 2015 nuclear deal, under which Tehran accepted to curb its nuclear activities in return for lifting most international sanctions.

Irans Atomic Energy Organisation (AEOI) reiterated on Sunday that the country would reduce its commitments under the deal further if the European parties to the pact did not meet promises to shield Irans economy from U.S. sanctions.

We will go ahead with our plans to decrease our commitments to the nuclear deal if other parties fail to keep their promises, the Students News Agency ISNA quoted AEOIs spokesman Behrouz Kamalvandi as saying.


Writing by Parisa Hafezi. Editing by Jane Merriman




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