Monday, 7 May 2018

Iran says new sanctions would not stifle its oil industry | Reuters

Iran says new sanctions would not stifle its oil industry | Reuters:

"The Iranian oil industry will continue to develop even if the United States pulls out of the 2015 nuclear deal, and Tehran would see the accord as operational as long as it can sell oil, the Oil Ministry’s news service quoted senior officials as saying on Monday.

U.S. President Donald Trump has threatened to pull out of the Iran deal by not extending sanctions waivers when they expire on May 12 unless European signatories of the accord fix what he calls its “flaws”.

“They cannot stop Iran. Our oil industry’s development will continue even if new sanctions are imposed on Iran,” SHANA quoted Gholamreza Manouchehri, deputy head of the National Iranian Oil Company, as saying on its website."



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