Iran selling oil in various ways
Baku, Azerbaijan, Sept. 2
By Elnur Baghishov - Trend:
Iran sells its oil in various ways, said spokesperson for the Iranian Parliament’s Energy Committee Sakineh Almasi, Trend reports via ISNA.
She said that Iran doesn’t sell oil under its brand, adding that the country won’t forget the friends who are supporting it in difficult times.
“One of Iran’s key steps is to move towards the sale of oil products,” she noted. “If Iran turns its oil into oil products, it can easily sell it.”
She said that European members of the Joint Comprehensive Plan of Action (JCPOA) should take steps to facilitate Iran’s oil sales.
In January 2016, the JCPOA was implemented between Iran and the P5+1 group (the US, Russia, China, UK, France and Germany) in connection with Iran's nuclear program. In May 2018, the US announced its withdrawal from the deal and imposed sanctions against Iran in November of the same year. In order to preserve the agreements reached as part of the JCPOA, the European signatories of the deal stated in January 2019 that a financial mechanism for maintaining trade with Iran called INSTEX was formed.
On May 8, 2019, Iran announced that it had ceased fulfilling its commitments regarding the sale of over 300 kilograms of uranium, as stated in the deal, basing its decision on the other signatories having not fulfilled their obligations. On July 7, Iran announced that it will not be fulfilling its commitments regarding the enrichment of uranium at 3.67 percent and the reconstruction of the Arak Heavy Water Reactor Facility as stated in the deal.
The 60-day deadline given by Iran to European countries involved ends on September 7 this year.