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Sunday, 13 January 2013 12:29

No problem in selling oil: Iran

No problem in selling oil: Iran

The Iranian Oil Ministry spokesman says Iran faces no problem selling its oil despite tough US-engineered sanctions against the Islamic Republic.


According to Press TV, Alireza Nikzad-Rahbar said on Saturday “We do not have even one crude oil barrel without customer in the Persian Gulf region at present,” adding that there is no Iranian crude oil saved in oil tankers.
The Iranian official stated that Iran’s oil export is currently in “normal conditions.” He added the country succeeded in managing the oil market despite international restrictions.
Nikzad-Rahbar said Iran had signed long-term contracts with China on crude oil exports.

In December 2012, China’s state-run Zhuhai Zhenrong Corp announced plans to continue crude oil imports from Iran at a steady volume for the next year in defiance of the US-led sanctions against Tehran.

Chinese trading officials said that the Beijing-based company would keep importing around 230,000 bpd (barrels per day) of Iranian crude in 2013.
China is Iran’s top trade partner.
Beijing has also publicly criticized the US-led sanctions against Tehran over its nuclear energy program.


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