Publishe Date: 11:11 PM - 7/1/2018 | Print

Iran to offer oil via stock exchange: 1st VP

Politics - The Iranian government is to offer the country's oil through national stock exchange as the US has targeted Iranian oil sector in order to restrict the country's exports, the first vice-president announced here on Sunday.

The private sector can transparently buy oil from the stock exchange and then export it, Eshaq Jahangiri said at a ceremony marking the National Day of Industry and Mine in this Iranian capital city this morning.

US has targeted Iran's oil and does not want it to be sold, Jahangiri said, adding the move is aimed at waging a psychological warfare.

Those who have only little knowledge about the international issues understand that the US is working on an impossible decision, Jahangiri said.

In this oil battle, any action to be taken by any country to capture Iranian oil market will be viewed as a treason against the Iranian nation and the international atmosphere, the senior official added.

'We have friendly countries to which we sell our oil, and we've started negotiations with them,' Jahangiri said.

'The private sector can openly buy oil and export it.'

About the US anti-Iran measures, the official said Tehran has plans for such measures and has taken decisions to lift the obstacles.

US officials have called on buyers of Iran's crude oil to end imports from the country as of November.

US sanctions drew criticism from different countries, as some of them are seeking to exclude themselves from the list and some have declared that they will not implement it.


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