Iran Press/ Iran news: Mousa Mousavi said: "Although Iran's oil industry is facing sanctions, we are witnessing an increase in oil sales and exports during the few last months."
Mousavi pointed to the private section and foreign investment's capacities as ways to fund the country's construction projects and noted: "Oil bartering increases the attractiveness of private sector's investment in the country's infrastructure including rail and road transportation projects."
Yet, US President Joe Biden said on Friday that there were sufficient supplies of petroleum so other countries can reduce what they buy from Iran.
Biden's claim came as he announced the country was ready to return to the internationally signed Iran's nuclear deal or the so-called the Joint Comprehensive Plan of Action (JCOA), one of its implications was to ease the oil selling for Iran.
After 13 years of intensive international negotiations, the Joint Comprehensive Plan of Action (JCPOA), was concluded on July 14, 2015. One week later, UN Security Council ratified Resolution No. 2231 and attached it to Annex A of the resolution.
Yet, after Donald Trump took office as the US President in January 2017 and took a few preliminary steps to fulfill the deal, he unilaterally withdrew from the agreement on May 8, 2018, and introduced the harshest sanctions in history against Iran in line with his 'maximum pressure' campaign against the Islamic Republic.
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