News ID: 215179
Published: 0154 GMT May 16, 2018

US withdrawal from JCPOA will have little impact Iran's oil industry: Official

US withdrawal from JCPOA will have little impact Iran's oil industry: Official

The US decision to withdraw from the nuclear deal will have little impact on Iran's oil industry, said the deputy head for non-industrial operations of National Iranian Oil Company (NIOC).

Reza Khalili told Trend News Agency that US withdrawal would not have serious impact on Iran's oil industry since all the arrangements have already been anticipated.

Currently Iran has the capability, knowledge and specialists who can carry on the specialized tasks in the oil industry, he added.

US President Donald Trump announced on May 8 that the United States is withdrawing from the accord reached in 2015 between Iran and the six world powers. Trump further announced that the Washington would re-impose the "highest level of economic sanctions" on the Islamic Republic.

Khalili said that the United States did not cooperate with Iran before, so today nothing new has taken place, adding that the exit from the JCPOA (Joint Comprehensive Plan of Action) would not have such serious impact on Iranian oil industry.

"Other countries except the United States are cooperating with us in the field of oil exploration and export development," the official said.

"There are European and Asian countries in this field that we could corporate with them, as in the past and of course we have good teams of experts to undertake projects in oil and gas sector," he added.

Iranian experts are able to increase oil and gas production from fields shared with neighboring countries, Khalili said.

Developing joint oilfields, in particular the West Karoun block, in the southwestern province of Khuzestan, which is shared with Iraq, is a high priority for the government.

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