U.S. making a mistake politicizing oil: Iran oil minister
The United States has made a bad mistake by politicizing oil and using it as a weapon, Iran’s Oil Minister Bijan Zanganeh said in a parliamentary session on Tuesday, the Islamic Republic News Agency (IRNA) reported.
Zanganeh added that the United States will not be able to reduce Iran’s oil exports to zero.
“With all our power, we will work toward breaking America’s sanctions,” Zanganeh said in parliament, according to the Iranian Students’ News Agency (ISNA).
The United States on Monday demanded that buyers of Iranian oil stop purchases by May 1 or face sanctions, ending six months of waivers which allowed Iran’s eight biggest buyers, most of them in Asia, to continue importing limited volumes.
The White House said after its Iran move it was working with Saudi Arabia and the United Arab Emirates to ensure oil markets were “adequately supplied” but traders worried about tight supplies.
Zanganeh said that “America has made a bad mistake by politicizing oil and using it as a weapon in the fragile state of the market.”
He added that the oil market is unpredictable and the announcement by the United States and its regional supporters intended to keep oil prices stable is a sign of their concern, ISNA reported.
“You can’t be assured that enough oil can be produced to meet demand,” Zanganeh said, according to IRNA. “Because some regional countries announce production capacities higher than their real levels.”
Separately, Zanganeh said during the parliamentary session that Iran’s daily gas production has grown 30 percent in the past six years, according to IRNA.
Iran produced a daily average of 620 million cubic meters of gas in the Iranian calendar year which ended in March 2013 and that grew to 850 million cubic meters per day in the year ending in March 2019, he said.
The average daily gas production at South Pars, the world’s largest gas field, was 240 million cubic meters in the Iranian calendar year which ended in March 2013 and grew to 532 million cubic meters in the year ending in March 2019, Zanganeh said.
- Syrian Restaurants in Armenia: A Pinch of Home, A Taste of Exile
- First-ever Armenian-language TV station launches in Turkey
- Аwards ceremony for the winners of 2018/2019 season was held
- Exiled Turkish journalist reunited with family in Germany after 3 years
- Karabakh President visits Askeran, Martakert Regions
- Apple registers 7 Mac notebooks in Eurasian database
- Recipe Corner: Guest Recipe: Baked Spinach and Eggs (Havgitov Spanach)
- Everything you should know about proper nutrition and healthy lifestyle: Lidia Ayvazyan is the guest of Hay Dzayn Today
- Minsk 2019: Lineup of the Armenia Greco-Roman wrestling team
- Pashinyan Faces Traps in and out of Armenia: Armenian Mirror-Spectator
- Yerevan-Tehran roundtrip regular flights launched on June 15
- Yervand Kochar's most famous sculptures
- President Sarkissian congratulated China’s Xi Jinping on birthday
- Armenia's Levon Aronian shares 2nd-3rd spots at Norway Chess
- Today is Republic of Armenia National Flag Day
- 7th Pan-Armenian Summer Games’ torch heads from Turkey’s Van to Karabakh’s Stepanakert
- Today is Armenian prominent sculptor Ervand Kochar’s birthday
- Journalist Deniz Yücel Speaks Out on Arrest in Turkey
- Los Angeles Plastic Surgeon Panossian Gives Kids Smiles in Armenia
- Interview with President Armen Sarkissian: Financial Times of London
- The air temperature will not essentially change
- BMW 8 Series Gran Coupe Leaks То Preview Stunning 6 Series GC Successor
- Vardenis “Andranik” FC won in Armenian youth championship (photos)
- Armenia improves standing in Global Peace Index
- EU will extend Russia sanctions for another year