News ID: 237789
Published: 0203 GMT January 23, 2019

Rouhani: Iran cannot be barred from global energy market

Rouhani: Iran cannot be barred from global energy market

Larijani: US failed to prevent Iran oil sales

President Hassan Rouhani said Wednesday that Iran, as a country rich in oil and gas resources, cannot be excluded from the global energy market despite US attempts to cut the country’s oil exports.

Speaking at a cabinet meeting in Tehran, Rouhani said that Iran's discoveries of oil have almost doubled over the past 40 years.

“Today, the country possesses higher amounts of oil reserves and condensates compared to the early days of the [1979 Islamic] Revolution; this shows that we have made great achievements in discovering new resources,” he said, according to Press TV.

“Given its capabilities in oil and gas [sectors], Iran is not a country that they could exclude from the energy market,” the chief executive said.

Under the administration of President Donald Trump, the US has stepped up its pressure campaign against Iran.

Trump’s hostile approach intensified last May, when he unilaterally withdrew America from the 2015 nuclear deal, known as the Joint Comprehensive Plan of Action (JCPOA), and unleashed the “toughest-ever” sanctions against Iran.

Washington had initially vowed to cut Iran’s oil exports to “zero,” putting pressure on customers to stop their purchase of Iranian oil. A few months ago, however, it gave waivers to almost all of Iran's major customers.

Rouhani added that Iran could be left out of neither the energy sector nor fields such as global and regional politics, science, technology and culture.

“Regarding oil issues, we have fortunately various methods to sell oil, and we will proudly circumvent the US sanctions,” he said.

"All countries know that these sanctions are oppressive and illegal and target the Iranian people as a whole – not any individual, institution or government body – and that they will only pile pressure on the nation,” he noted.


US failure

Iranian Parliament Speaker Ali Larijani echoed the president’s remarks on Wednesday, and stressed that the US has failed to prevent Iran from exporting its oil.

“The US sought to bring our oil exports to zero, but was unsuccessful,” he said. “At any rate, our oil is being sold, and we enjoy good economic relations with our neighbors.”

“Although there have been some fluctuations in oil prices as in past years, we are managing to sell our oil,” he added.

Tasnim News Agency also contributed to this story.


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