Iran says private exporters had no problem selling its oil


Iran says private exporters had no problem selling its oil

Iran said on Wednesday private exporters have had “no problems” selling Iranian oil, and 3 million barrels of crude could be sold soon to non-government traders, state media reported, despite U.S. sanctions targeting Tehran’s oil sales.

Iran began selling crude oil to private companies for export in late October, just ahead of U.S. sanctions on sectors including oil which came into effect in November.

“Those who bought oil on the bourse have been able to export and there have been no problems in this regard,” the state news agency IRNA quoted Oil Minister Bijan Zanganeh as saying without giving further details about the exports.

After reimposing the oil sanctions, Washington granted exemptions to eight countries allowing them to temporarily continue buying Iranian oil. Read More

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