|Iranian private sector prohibited from selling oil: MP||
TEHRAN – The Iranian Oil Ministry has prohibited the private sector from selling crude oil, according MP Hossein Amiri.
Oil Minister Bijan Namdar Zanganeh has ordered the private sector to stop selling crude oil to foreign buyers, Amiri told the Mehr News Agency on Monday.
“The sale of crude oil by the private sector has created various problems because the private sector is not able to provide the necessary guarantees to the banking system and the Oil Ministry,” Amiri said.
However, Mansour Moazami, the director of the International Affairs Department of the Oil Ministry said he was unaware of the issue, and added, “The oil minister himself should verify it.”
He went on to say that the issue has nothing to do with the possibility of international oil giants returning to the Iranian oil sector.
The sanctions that have been imposed on the country prevent international oil companies from dealing with Iran.
“Over the course of eight years, I found a good opportunity for study and reflection, and today I believe nothing can be done in the oil industry without the involvement of the private sector,” Zanganeh said earlier this year.
The private sector can seriously enter the trade in oil, oil derivatives, and petrochemicals, he stated. “However, I personally believe that the private sector should be given no favoritism or concessions for involvement in the sale of oil.”
Zanganeh has pledged to boost Iran’s oil output, saying, “My first action will be to bring the country’s oil production capacity back to 2005 levels.”
Iran produced 2.56 million barrels a day in July. The country produced about 4 million barrels a day in 2005, according to Bloomberg.
Zanganeh has also said an ad hoc committee will be formed to study the sanctions imposed on the Islamic Republic and to find ways to increase Iran’s oil exports.
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