News ID: 234351
Published: 0357 GMT November 16, 2018

More int'l clients willing to buy Iran's oil: Lawmaker

More int'l clients willing to buy Iran's oil: Lawmaker

Iran sold about one million barrels of light oil to international clients over the past 20 days after making changes in its oil exports pattern, said the head of Iranian Parliament's Economic Committee.

Mohammadreza Pour-Ebrahimi added that a growing number of foreign clients are expressing readiness to purchase oil from Iran through its Energy Bourse in a policy meant to dodge US sanctions and sell fuel directly to buyers, Press TV reported.

He said the adverse impacts of US sanctions on Iran's economy stand at just 20 percent, adding Washington is isolated in its efforts to gain international consensus on reimposing sanctions on the Islamic Republic.

"Though we should not totally rely on European states, today, we witness that they are explicitly objecting to the US decision to reimpose sanctions on Iran," he noted.

According to the head of the Parliament's Economic Commission, Iran has managed to reduce its dependence on oil by about 40 percent over the past four decades.

The administration of US President Donald Trump launched the second wave of sanctions against Iran from November 5 in which a universal ban on the country's oil exports is the primary objective.

US officials had earlier said the sanctions were meant to bring Iran's oil exports down to zero. However, Iranian officials have repeatedly rejected this, stressing that international consumers cannot afford to lose supplies from Iran.

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