DECEMBER 9, 2022
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Iranian Oil Minister Asserts Resilience Against US Sanctions, Boasts Oil Export Surge

Iranian Oil Minister Asserts Resilience Against US Sanctions, Boasts Oil Export Surge

Iranian Oil Minister Javad Owji declared steadfast growth in Iran's oil exports despite ongoing US sanctions, emphasizing a significant increase in production over the past three years. Speaking at a parliamentary session, Owji highlighted that despite facing more than 600 new sanctions, Iran has managed to triple its oil exports compared to the start of the current administration in 2020. He credited continuous efforts and round-the-clock operations for boosting crude oil production by over 1.4 million barrels per day.

Owji underscored that no US administration could obstruct Iran's oil export and production capabilities, citing robust governmental measures in the oil industry. He noted that initial challenges such as a fuel imbalance and a dearth of heavy and extra heavy crude oil sales had been overcome under the current administration. Moreover, the minister stressed that Iran had successfully managed its oil and gas exports, even without the Joint Comprehensive Plan of Action (JCPOA) and membership in the Financial Action Task Force (FATF).

The Iranian Oil Ministry supported Owji's claims, asserting that under President Ebrahim Raeisi's administration, Iran had navigated sanctions to maintain a steady flow of crude oil and gas condensate shipments to multiple countries. Despite the stringent sanctions imposed by former President Donald Trump and continued under President Joe Biden, Iran reported no outstanding arrears amid escalated tensions over nuclear negotiations.

In summary, Owji's remarks reflect Iran's resilience in the face of US sanctions, highlighting significant advancements in its oil sector despite international pressures.

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