Iran declared victory before the US sanctions

Iran declared victory before the US sanctions


(News 24h) – Despite the harsh sanctions from the Trump administration forcing Iran’s oil revenue to return to zero, Tehran claims a record high export.

On January 22, Iran’s Oil Minister Bijan Zangeneh said the country had recorded record high oil exports despite US sanctions.

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Iran is confident in its oil exports at record levels despite US sanctions.

Iranian media quoted Minister Zangeneh as saying that the partner countries helped Tehran set a record of oil exports during the time Washington imposed sanctions.

“Our enemies want to wipe out our oil sales but our altruistic partners let us beat petroleum export records during punitive times” – Shanad official news agency led Mr. Bijan Zangeneh said.

Last December, he announced that Iran had planned to pump 4.5 million barrels of oil and concentrated gas a day in 2021 and increase oil exports to 2.3 million barrels a day.

Last year, Iran actively exported gasoline and oil refining solvents to Venezuela. The shipments were successfully delivered despite strong US military pressure. A group of five Iranian ships in May 2020 carried a total of about 1.53 barrels of oil to the Latin American country to help the oil-exporting country solve the fuel and economic crisis.

By December 2020, the National Iranian Petroleum Company (NIOC) sent a crude oil tanker to Venezuela to help the country export about 1.9 million barrels of oil.

Along with Venezuela, China is also believed to be an active partner for Iran, promoting oil pipeline projects as well as importing oil through ships with positioning signals turned off.

Iran’s oil exports have fallen sharply after in 2018, the US administration under former President Donald Trump unilaterally withdrew the United States from the Iran nuclear agreement, fully known as the Comprehensive Joint Action Plan “. (JCPOA) and tightening Iran economic sanctions.

Iran hopes the new US President Joe Biden will have more friendly policies toward Iran. Iranian President Hassan Rouhani has called on Washington to lift sanctions imposed on its nuclear program.

Sanctions directed at Iran’s oil exports left the country in a dull state for a while.

According to the head of Iran’s central bank – Abdolnaser Hemmati, the country’s oil sales have fallen from more than $ 40 billion in 2018 to less than $ 20 billion in 2019 and 2020. The central bank is also very limited. in accessing those revenue sources.

Mr Abdolnaser Hemmati added that US sanctions on Iran’s oil exports are a “unprecedented maximum pressure campaign” that has impacted every sector of the country’s economy.

Hai Lam

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