INSTEX without oil sale not fulfilling for Iran's expectations

Oil&Gas Materials 20 July 2019 14:58 (UTC +04:00)

Tehran, Iran, July 20


Iranian Foreign Ministry Spokesman Abbas Mousavi stated that that the Instrument in Support of Trade Exchanges (INSTEX) should include oil sale, otherwise the mechanism is not meeting Iran's expectations.

"Without sales of Iran's oil and with assigning credit to this mechanism, our expectations will not be met, therefore we ask European countries to address this issue," he said, Trend reports citing ISNA. "Despite these difficulties, the INSTEX mechanism started operating."

"At Vienna meeting, new decisions were made about Joint Comprehensive Plan of Action and this is a positive step," he noted. "Among other issues, INSTEX was also discussed at the meeting, so we shall see practical steps including financial transactions,"

"While it is true that JCPOA is not progressing as expected, but our negotiations were not unsuccessful," he said.