Iran’s Oil Exports Continue Despite US Sanctions Waiver Revocation
Mohsen Paknejad, Minister of Petroleum, emphasizing the effectiveness of mechanisms for neutralizing sanctions, announced that the revocation of the US 60-day waiver will not disrupt Iran's oil exports—a trend confirmed by OPEC production increase figures and export volumes of 57 million barrels.
Minister of Petroleum, stated regarding the revocation of the 60-day waiver related to oil sanctions and the Ministry’s plans under the new circumstances: The Ministry of Petroleum has for years organized the necessary structures to neutralize the oppressive US sanctions.
He added: Despite the issuance of the 60-day waiver, we did not dismantle these mechanisms and have maintained them.
The Minister of Petroleum, referring to the US revocation of this waiver, announced: The Americans, in line with their usual practice, have broken their commitments and have in a sense violated Article 10 of the memorandum of understanding concerning the 60-day waivers.
Paknejad emphasized: Given that the foreseen structures for maintaining oil exports have been preserved, the country’s oil export process continues as before, and in this regard, God willing, we will face no problem.
The American news outlet Bloomberg also reported on Monday that Iran, in the brief interval between two US naval blockades, managed to export at least 57 million barrels of crude oil, indicating the significance of this supply for the global oil market under current conditions.
Additionally, the latest monthly OPEC report on the oil market, released yesterday, showed that Iran’s oil production increased by 155,000 barrels per day during June, reaching 2.441 million barrels per day, positioning it among the group’s largest oil producers.