Replacement of Iranian oil by other producers 'a political bluff'

TEHRAN, Nov. 05 (MNA) – Deputy chairman of the Iranian Parliament's Energy Committee emphasized that the replacement of Iran's oil by other countries in the market is a ‘political bluff’, saying, technically, Saudi Arabia could not replace Iran's oil.

Hossein Amiri Khamkani stressed that “Iran's oil exports would never go down to zero, however the reduced oil supplies would affect the market.”

The MP further underscored the necessity of creating economic stability and turning sanctions into opportunities in the country, adding, "with the official start of the sanctions, not only will there not be a problem, but it would only show the failure of the United States to bring to zero Iran’s oil exports, and success of Iran and the Islamic community.”

He said US issuing sanctions waivers for eight buyers of Iranian oil indicates the fact that Washington has failed to reach its goals in this regard.

“Over the past 40 years, we have seen a variety of sanctions and have become more or less accustomed to the troubles they have created for us,” he concluded.


News Code 139337


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