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Rouhani: Iran Cannot Be Barred From Global Energy Market

Rouhani: Iran Cannot Be Barred From Global Energy Market
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Local Editor

Iranian President Hassan Rouhani said Iran, as a country rich in oil and gas resources, cannot be excluded from the global energy market despite US attempts to cut the country’s oil exports.

Speaking at a cabinet meeting in Tehran on Wednesday, Rouhani said Iran's oil discoveries has almost doubled over the past 40 years.

“Today, the country possesses higher amounts of oil reserves and condensates compared to the early days of the [1979 Islamic] Revolution; this shows that we have made great achievements in discovering new resources,” he said.

“Given its capabilities in oil and gas [sectors], Iran is not a country that they could exclude from the energy market,” Rouhani stressed.

Under the administration of US President Donald Trump, the US stepped up its pressure campaign against Iran.

Trump’s hostile approach intensified last May, when he unilaterally withdrew America from the 2015 nuclear deal, known as the Joint Comprehensive Plan of Action [JCPOA], and unleashed the “toughest ever” sanctions against Iran.

Washington had initially vowed to cut Tehran’s oil exports to “zero,” putting pressure on customers to stop their purchase of Iranian oil. A few months ago, however, it gave waivers to almost all of Iran's major customers.

The US government has agreed to let eight countries continue buying Iranian oil after it re-imposes sanctions on Tehran next week. This comes as Iran says the waivers show its oil cannot be withdrawn from the market.

Rouhani added that Iran could be left out of neither the energy sector nor fields such as global and regional politics, science, technology and culture.

“Regarding oil issues, we have fortunately various methods to sell oil, and we will proudly circumvent the US sanctions,” he said.

"All countries know that these sanctions are oppressive and illegal and target the Iranian people as a whole - not any individual, institution or government body - and that they will only pile pressure on the nation,” he noted.

Source: News Agencies, Edited by website team