2019-09-19 14:15:00
U.S. WEAPON: OIL
SHANA - Iranian Minister of Petroleum Bijan Zangeneh stressed the non-political nature of oil, saying the US was using oil as a weapon which was not the right approach.
Responding to a question on Thursday about the current state of the oil market in light of recent problems at Saudi Aramco oil facilities, Mr. Zanganeh said: "Some believe that some oil supplies have gone out of the world markets, but I don't think it's an important issue, and soon the balance will be restored in the market."
"I have always said that the oil market should not be politicized, that the market should be non-political, that oil should not fundamentally be politicized and should not be used as a weapon," he said.
"The United States is now using oil as a weapon; oil is not a weapon. If this strategic commodity is used this way, then everyone would be allowed to use it in a similar manner which is not the right approach," he said.
Zanganeh said oil is a staple commodity needed for development and everyday life of the people and it should be allowed to flow freely in the markets.
Asked to send a message to fellow OPEC members as a representative of one of the member countries of the Organization of the Petroleum Exporting Countries (OPEC) under the current circumstances of global oil markets, he said, "Get along with each other."
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Earlier:
2019, September, 18, 18:15:00
ARAMCO WILL RECOVER QUICKLY
During the news conference, it was disclosed that production at Khurais resumed 24 hours after the attack. Meanwhile, Mr. Nasser stated that production at Abqaiq is currently 2 million barrels per day and its entire output is expected to be restored to prior rates by the end of September.
2019, September, 16, 14:05:00
ATTACKS ON SAUDI OIL FACILITIES
Yemen’s Iran-aligned Houthi group said it attacked two plants at the heart of Saudi Arabia’s oil industry on Saturday, knocking out more than half the Kingdom’s output, in a move expected to send oil prices soaring and increase tensions in the Middle East.
2019, September, 10, 17:35:00
U.S., IRAN SANCTIONS FOREVER
The United States will continue to impose sanctions on whoever purchases Iran’s oil or conducts business with Iran’s Revolutionary Guards and no oil waivers will be re-issued, a U.S. official said on Sunday.
2019, September, 5, 14:50:00
IRAN'S NUCLEAR STEPS
President Hassan Rouhani has stressed Iran's determination to take the third step towards reducing Iran’s obligations to the Joint Comprehensive of Plan of Action(JCPOA)
2019, September, 5, 14:45:00
IRAN'S NUCLEAR COMMITMENTS
“Iran has repeatedly stated that it will resume full implementation of its commitments to the JCPOA only when it can freely sell its oil and fully access its oil revenues. France’s initiative is exactly about this issue,” Araghchi said.
2019, September, 5, 14:40:00
IRAN'S NUCLEAR WILL UP
The US has said it intend to bring Iran's oil exports down to zero. In July Iranian crude and condensates exports totaled around 450,000 b/d, which was less than half of the May export figure of 910,000 b/d,
2019, September, 5, 14:35:00
U.S., IRAN SANCTIONS UP
Brian Hook, the U.S. special envoy for Iran, said Wednesday that the U.S. will “continue to drive up the costs” for Tehran’s efforts to develop ballistic missiles and take other actions soon after the Treasury Department imposed new restrictions on a shipping network controlled by Iran’s Islamic Revolutionary Guard Corps.
