Iran says oil exports undisrupted as sanctions loom

5/14/2018 4:30:00 PM

Tehran (KNA) - A top Iranian oil official says all of the country’s oil cargoes have designated customers worldwide, stressing that the potential US sanctions have not thus far undermined the flow of oil supplies to international markets.

Pirooz Mousavi, the head of the National Iranian Oil Terminals Company (NIOTC), was quoted by media as saying that Iran’s total exports of oil and condensate stood at an average of 6 million barrels per day (m/bpd). Mousavi added that 60 percent of exports were made to Asia and the rest to Europe.

US President Donald Trump this past Tuesday said he would take the US out of a nuclear agreement that was signed with Iran in 2015. He also signed a presidential memorandum to re-impose what he described as the “highest level of sanctions” against Iran.

The memorandum specifies that many of the sanctions should be re-imposed in 90 days — by August 6, 2018. The most important ones – as reported by media – would be a ban on Iran over buying or acquiring US dollars.

Source: PressTV

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