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TEHRAN, Sep. 14 (MNA) – Iranian oil minister Bijan Zanganeh said Sat. the France-proposed $15 billion credit line for Iran has nothing to do with the easing of US sanctions on the country. “In the eye of the country’s oil industry, sanctions relief means selling oil,” Oil Minister Bijan Zanganeh told reporters on Saturday. He was […]
TEHRAN, Sep. 14 (MNA) – Iranian oil minister Bijan Zanganeh said Sat. the France-proposed $15 billion credit line for Iran has nothing to do with the easing of US sanctions on the country.
“In the eye of the country’s oil industry, sanctions relief means selling oil,” Oil Minister Bijan Zanganeh told reporters on Saturday.
He was speaking on the sidelines of a signing ceremony for a deal between Pars Oil and Gas Company (POGC) and Petropars Company for developing Belal Gas Field in the Persian Gulf.
“The point was for the oil sanctions to be lifted so that we could freely sell our oil. This credit line will put Iran in debt in the future,” he added.
The $15 billion credit line has been proposed by the French side in a bid to salvage the 2015 Iran nuclear deal in the wake of US’ unilateral withdrawal and Iran’s countermeasures in reducing commitments to the agreement.
The package is meant as an incentive to keep Iran in the nuclear agreement in the face of US’ efforts to drive the country’s oil exports to zero.
The sum is said to account for about half the revenue Iran normally would expect to earn from oil exports in a year.
Elsewhere, Zanganeh maintained that the development of the phase 11 of South Pars has not yet been exempted from US sanctions.
He then refused to confirm data of Iran’s oil reserves or answer any questions regarding Iran’s measures to bypass US sanctions.
He did note, however, that Iran is in talks with China to peacefully resolve the issue of the East Asian country’s decision to leave the SP11 development project.
این مطلب بدون برچسب می باشد.
Iran’s Expediency Discernment Council has authorized the government and the state management apparatuses, including the Central Bank of Iran (CBI), to spend 13.6 billion euros at a preferential exchange rate for the import of basic items such as agricultural products, medicine, and its raw materials as well as medical equipment.
The Central Bank of Iran (CBI)’s planning for the end of the next Iranian year (late March 2025) is to achieve a liquidity growth rate of 23 percent as well as a point-to-point inflation rate of 20 percent, CBI Governor Mohammadreza Farzin said.
Ramadan fasting shouldn’t stop you from being active. The Department of Sport and Exercise Medicine from Changi General Hospital (SingHealth) shares the benefits and how to do it safely during the fasting month.
The head of Iran’s Trade Promotion Organization (TPO) said his organization is going to dispatch a delegation comprised of major Iranian firms to Syria to take part in the country’s International Expo for Oil and Gas Industries and Services, which is slated to be held in the Arab country in July.
دیدگاه بسته شده است.