Mr Hassan Khosrojerdi chairman of the Union of Oil, Gas and Petrochemical Products Exporters said that Iran’s private sector oil exports have increased 15%, which shows the ineffectiveness of the Western sanctions imposed on the country’s energy sector.
Mr Khosrojerdi said that long term contracts have been signed with foreign customers to that effect.
He said that “At present, the private sector has managed to sign long-term agreements with foreign customers for crude oil exports and oil sale to these customers is currently under way.”
He added that Iran’s private oil exports had exceeded 200,000 barrels per day on average, since June 2012.
At the beginning of 2012, the United States and the European Union imposed new sanctions on Iran’s oil and financial sectors to prevent other countries from purchasing Iranian oil and conducting transactions with the Central Bank of Iran. The sanctions entered into force in early summer 2012.
