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Iran's Oil Minister Admits U.S. Sanctions Have Hurt its Oil Industry; Vows to Use "Every Possible Way" to Export its Oil

By Criterion Research
October 9, 2019 -

Iran's Oil Minister, Bijan Zanganeh, admitted that his nation's oil industry has been falling behind because of U.S. sanctions. 

“The conditions in Iran are in a way that once every few years the oil industry receives a deadly blow and the economic sanctions can be considered one of those,” Zanganeh said. 

Despite the sanctions, Iran continues to export oil (especially to China) and has drastically increased the secrecy of how it ships the oil abroad. 

Zanganeh vowed Iran will "use every possible way to export our oil and we will not succumb to America’s pressure because exporting oil is Iran’s legitimate right.” 

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