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Iran’s oil exports cannot be reduced to zero - MP

Oil&Gas Materials 17 November 2018 11:16 (UTC +04:00)

Baku, Azerbaijan, Nov. 17

By Elnur Baghishov - Trend:

The US intends to tighten sanctions and stop Iran’s oil exports, Hedayatollah Khademi, a member of the Iranian Parliament’s Energy Commission, said in an interview with ILNA.

There are several traditional customers of Iran that freely buy Iranian oil, he said, adding that the US doesn’t consider the interests of other countries when tightening sanctions.

“The US knows well that Iran’s oil exports cannot be reduced to zero,” he said. “However, if countries such as Saudi Arabia and the UAE increase their oil production and if the countries buying Iranian oil cooperate with them, this will definitely inflict a blow to Iran.”

The US aims that Iranian oil customers choose such countries as the UAE and Saudi Arabia as an alternative for oil supplies, he added.

Khademi said Iran should warn its customers not to do so.

The US strives to stop exports of Iranian oil and has imposed sanctions on maritime and ships’ insurance, he noted.

“In case if the ships aren’t insured and no foreign currency is earned from the sale of oil, it will be a major blow to Iran,” Khademi noted.

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