Iran’s Oil Minister Bijan Zanganeh said on Sunday that he was very hopeful of an improvement in the country’s crude exports, state TV reported, in spite of tightened U.S. sanctions on Tehran’s main source of income, APA reoirts quoting Reuters.
“I am very hopeful that our oil exports will improve,” Zanganeh told state TV, adding that the price of oil was not Iran’s main concern.
“What matters now for Iran is the amount of oil that we can export,” Zanganeh said.
Industry sources told Reuters last month that Iranian crude exports had dropped in June to 300,000 barrels per day (bpd) or less after Washington tightened sanctions on the country’s oil exports in May. In April 2018 exports stood at more than 2.5 million bpd.
Zanganeh blamed Iran’s longtime foe the United States for destabilizing the oil market.
“Destabilizing the market is in America’s interest ... cooperation between the members of (the Organization of the Petroleum Exporting Countries) OPEC and non-OPEC oil producer states will stabilize the market,” he said.
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