World / Middle East

West cannot keep Iran away from oil markets

(Xinhua) Updated: 2012-09-18 09:23

TEHRAN - Iranian Oil Minister Rostam Qasemi said Monday that the West can not keep Iran away from the global oil markets, Press TV reported.

Iran's oil industry is its main force against foreign sanctions and has defeated the enemies' efforts to isolate Iran in the world, said Qasemi.

"The West is trying to disrupt Iran's oil sales and exports by exerting different pressures (on the country) and keep Iran away from global markets. But Iran's oil staff... have thwarted these attempts," Qasemi was quoted as saying.

The minister said the world has waged an "economic war" against Iran and its oil sector. "Although this war is complicated and the enemy is undertaking huge efforts to succeed, all of the country's officials are doing their utmost to maintain Iran's presence in the global markets in a bid to foil the enemies' objectives," he was quoted by Press TV as saying.

Formulating development plans, signing contracts, and funding projects related to oil and gas fields shared with neighbors are the Iranian oil industry's main solutions to counteract this economic war, Qasemi added.

"Due to these policies, Iran's oil industry is currently at its best," he said.

Washington and its European allies have slapped rounds of sanctions over the years on Tehran over its controversial nuclear program, on top of those by the UN Security Council, to rev up the pressure.

Amid efforts to curb Iran's disputed nuclear program, the European Union (EU) imposed an oil embargo on Tehran on July 1.

The United States and about 25 of its allies started the largest-scale mine-sweeping exercise on Sept 16 in the Persian Gulf, in a show of unity and defensive step to prevent Iran from attempting to block oil exports through the Strait of Hormuz.

Trudeau visits Sina Weibo
May gets little gasp as EU extends deadline for sufficient progress in Brexit talks
Ethiopian FM urges strengthened Ethiopia-China ties
Yemen's ex-president Saleh, relatives killed by Houthis
Most Popular
Hot Topics