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Trump’s remarks failed to dampen Iran’s oil exports - minister

Business Materials 22 November 2017 16:41 (UTC +04:00)

Baku, Azerbaijan, Nov. 22

By Khalid Kazimov – Trend:

Iranian Oil Minister Bijan Namdar-Zanganeh has said that US President Donald Trump’s advice calling on oil importers to refrain from purchasing Iran’s crude, failed to leave a negative impact on the Islamic Republic’s exports.

“Trump’s remarks have, so far, left no impact on Iran’s oil exports,” IRNA news agency quoted him as saying.

He further denied that India has decreased its oil imports from Iran in retaliation for Tehran's persistence to negotiate a better deal over Farzad B gas field.

“The purchase of Iran’s oil by India is going on and there is no specific problems in their imports of oil,” he added.

According to IRNA Trump wrote in a statement issued on November 18 that because there is enough supply of oil from other countries, it is possible to limit the purchase of oil and its derivatives from Iran.

Iran currently exports about 2.5 million barrels of oil and condensate per day. About 60 percent of this amount is shipped to Asian countries and 40 percent is exported to Europe. The country’s oil exports during the sanctions era stood about one million barrels per day.

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