|  | 

Sports

Oil-rich Iran cannot be barred from global energy market: Rouhani

President Hassan Rouhani says 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 on Wednesday, Rouhani said that Iran's discoveries of oil has 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.

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 Tehran'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.

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 Tehran'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.

Source: Press TV


The iran News Gazette is mainly concerned with news and information about the Arab region and also covers international issues. Its main objective is to provide reliable and verified information on the Arab region for publishing on the digital landscape.