UNITED STATES, WASHINGTON (OBSERVATORY) — In an exclusive interview with Sputnik on the sidelines of Russian Energy Week 2019, the Iranian Oil Minister spoke about alternative oil export routes to escape American sanctions and bypass the Strait of Hormuz.
Faced with US sanctions, Iran is unwilling to forego revenue from oil sales, saying that exporting black gold is its legitimate right, Iran’s Oil Minister Bijan Namdar Zangeneh said in a statement. an exclusive interview with Sputnik on the sidelines of Russian Energy Week 2019.
“We are not giving in to bans and sanctions,” the minister said.
Secret oil sales tactic
Asked whether Iran is using secret oil sales tactics, including “ghost oil tankers,” Bijan Namdar Zangeneh says:
“We use all the practices and do everything in our power to export our oil. All means are good. Exporting crude is our legitimate right.
Against the backdrop of tensions in the Strait of Hormuz, a maritime artery for world oil exports, Tehran announced in mid-August that in two years (by 2021), it could export its crude bypassing the Strait of Hormuz.
Bypass the Strait of Hormuz
“For this, we are now building a new oil terminal in the Makran area, near the town of Jask [in southern Iran, in Hormozgan province, ed]. Its export capacity will be one million barrels a day. An oil pipeline is also built in this region. We hope that everything will be ready, thank God, and that the project will be launched by 2021,” said the Iranian Minister of Petroleum.
And to add that this project was only funded by Iran.
Foreign investments welcomed
“We only use our own resources, but obviously we welcome investments, especially from Russia,” said Bijan Namdar Zangeneh.
Oil tankers continue to leave the Iranian coast, but it is impossible to determine their destination, as the systems to track their movement are extinguished, say media, assuming that these “ghost oil” carry Iranian oil.
The United States has unilaterally withdrawn from the Iran nuclear deal and reinstated sanctions against Tehran.
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