• 4 minutes Projection Of Experts: Oil Prices Expected To Stay Anchored Around $65-70 Through 2023
  • 7 minutes Oil prices forecast
  • 11 minutes Algorithms Taking Over Oil Fields
  • 14 mintues NIGERIAN CRUDE OIL
  • 2 hours UK, Stay in EU, Says Tusk
  • 2 hours Nuclear Power Can Be Green – But At A Price
  • 7 hours Socialists want to exorcise the O&G demon by 2030
  • 19 hours Blame Oil Price or EVs for Car Market Crash? Auto Recession Has Started
  • 7 hours Chevron to Boost Spend on Quick-Return Projects
  • 3 hours U.S. Treasury Secretary Mnuchin Weighs Lifting Tariffs On China
  • 7 hours Maritime Act of 2020 and pending carbon tax effects
  • 10 hours What will Saudi Arabia say? Booming Qatar-Turkey Trade To Hit $2 bn For 2018
  • 16 hours Venezuela continues to sink in misery
  • 1 day WSJ: Gun Ownership on Rise in Europe After Terror Attacks, Sexual Assaults
  • 1 day How Is Greenland Dealing With Climate Change?
  • 10 hours German Carmakers Warning: Hard Brexit Would Be "Fatal"
  • 1 day Trump inclined to declare national emergency if talks continue to stall - Twitter hides this as "sensitive material"
  • 2 hours Regular Gas dropped to $2.21 per gallon today

Iran’s Oil Minister: We Will Not Comply With Illegal U.S. Sanctions

Bijan Zanganeh

Iran will not be complying with the “fully illegal” U.S. sanctions, Iranian Oil Minister Bijan Zanganeh said on Thursday, in yet another defiant statement from Tehran after the American sanctions on Iran’s oil and shipping industry snapped back in early November.

“We believe that we should not comply with the illegal sanctions against Iran,” Reuters quoted Zanganeh as saying at a joint press conference with Iraq’s Oil Minister Thamer Ghadhban during a visit to Baghdad.

While it stays under U.S. sanctions, Iran will not be discussing the volume or the destination of its oil exports, the Iranian oil minister noted.

During his visit to Iraq, Zanganeh discussed with his counterpart cooperation in different areas, “especially on oil issues,” the Iranian minister said.

Iraq and Iran have not reached yet any agreement on potential development of the oil fields the two countries share, Iraq’s minister Ghadhban said.  

Since the U.S. sanctions on Iran’s oil entered into force on November 5, Iran has continuously claimed that the United States will not be able to choke off all its oil exports.

A month after the sanctions were reinstated, Iran’s First Vice-President Eshaq Jahangiri said that the Iranian government could manage the country even without relying on oil export revenues.

Iran’s President Hassan Rouhani, meanwhile, reiterated in early December that the U.S. cannot stop Iran from exporting its oil.  

“The United States said it would stop Iran’s oil export and business relations, making Iran isolated, but it could not do it and it won’t be able to sever our relations with the peoples of the region,” Rouhani said in an address.

“We will sell our oil and they can’t stop us from doing this, said Rouhani adding, “If the US wants to stop our oil sales, no oil will be exported from the Persian Gulf,” according to Rouhani’s speech as carried by the official website of the Iranian President.

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News