•  Russia wouldn't help Iran to circumvent sanctions: Oil minister

Iran’s oil minister denied reports that Russia would help Tehran to circumvent the upcoming US sanctions by reselling Iranian crude.

Iran Press/Iran News: Speaking to reporters on the sidelines of a weekly cabinet session in Tehran on Wednesday, Bijan Namdar Zanganeh denied media reports that Russia may resell Iranian crude to help Tehran bypass the US sanctions.

His comments came after reports suggested that Russia was devising options to help Iran avoid a new round of US sanctions, such as through an oil-for-goods barter system,Tasnim News Agency reported.

There is also speculation that Iranian oil could be sent to Russia where it would be resold to European and Asian customers, although some traders have said they are not willing to buy refurbished Iranian crude.

Earlier this month, Zanganeh said the Islamic Republic’s oil exports cannot be stopped, adding that no country has “the capacity to provide a replacement for the Iranian oil in the world’s demanding market.”

Related News:

Request for Iranian oil jumps as Trump asks to cut off it

Iran's oil minister: If US lifts sanctions on Iran, oil prices will come down

 
The US government has decided to slap a second round of what it calls crippling sanctions on Iran on 4 November this year.

Back in May, the US withdrew from the 2015 multilateral nuclear agreement with Iran and said it would re-introduce anti-Iran sanctions that had been lifted under the accord.

Washington reinstated a series of unilateral sanctions against Iran in early August and would re-impose a second batch in November which would primarily be meant to undermine Tehran’s oil exports.

Speaking at the session of the Supreme Council of Cultural Revolution last week, Hassan Rouhani said the United States will definitely fail in its bid to make 4th November a bitter day in the collective memory of Iranians. 110/202

Read More:

India says it will continue to purchase Iranain oil

Iran oil revenues increases in spring

US seeks oil market stress once Iran bans return

Iranian VP calls US oil war policy "unsuccessful"

Tags

Oct 31, 2018 15:18 Asia/Tehran
Comments