Oil minister: Iran's oil exports continue without interruption

Iran's Oil Minister stated that despite the cancellation of the 60-day waiver, the country's oil exports continue as before and no problems will arise in this regard, emphasizing that the ministry has long maintained mechanisms to neutralize US sanctions.

News ID: 2003548

Mohsen Paknejad said regarding the cancellation of the 60-day waiver related to oil sanctions that the Oil Ministry has for years organized the necessary structures to neutralize unjust US sanctions. He added that despite the issuance of the 60-day waiver, these mechanisms were not disrupted and have been maintained.

Referring to the US cancellation of the waiver, the minister stated that the Americans have once again broken their promises in line with their usual pattern, effectively violating Clause 10 of the memorandum concerning the 60-day waivers.

Paknejad emphasized that Iran's oil export process continues as before and no problems will arise in this regard. He noted that industry experts are laughing at US claims about Iran's oil production decline, describing such claims as delusional.

The minister added that during the 40-day war, Iran had practically no reduction in crude oil production and exports continued properly.

Bloomberg reported on Monday that Iran managed to export at least 57 million barrels of crude oil in the short period between two US naval blockades, highlighting the importance of this supply for the global oil market. According to the latest OPEC monthly report, Iran's oil production rose by 155,000 barrels per day in June.

The Oil Ministry has prepared multiple export strategies for both sanctions and post-sanctions conditions, with contingency plans in place should challenges arise./isna