Sep 14, 2018, 10:12 PM
News Code: 83033253
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Envoy: US unable to cut Iran oil exports completely

Tehran, Sept 14, IRNA - Iran's OPEC Governor Hossein Kazempour Ardebili said that US will not be able to cut Iran oil exports to zero.

Kazempour Ardebili made the remarks in an interview with Reuters Friday.

A “supply shortage” meant that the United States would not be able to meet its zero export target, he was quoted by Reuters as saying.

“There is no spare capacity anywhere,” he added.

As a co-founder of OPEC (Organization of the Petroleum Exporting Countries), Iran has always played a vital role in creating unanimity among the members to help OPEC achieve its main goals, said Iran's envoy to Vienna-based international body Kazem Gharibabadi earlier in a meeting with organization's Secretary General Mohammed Barkindo.

Amid the current instability in international relations and energy market, it is vital for the OPEC to stay non-political, and not allow the few countries to pursue their political purposes by preserving its independence and professionalism, he added.

After Washington's May 8 exit from the historic Iran Deal the US gave 90 to 180 wind-down period to other countries before it starts re-imposing oil sanctions on Tehran on November 4.

Part of the US illegitimate sanctions were imposed on Iran on August 9.

US President Donald Trump also said he would reinstate the US nuclear sanctions on Iran and impose “the highest level” of economic bans on the Islamic Republic.


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