TEHRAN, Iran — The Iranian oil minister says on Monday that the market will never believe “exaggerated” claims by Saudi Arabia that it can replace Iranian oil shipments lost due to renewed US sanctions.
“Such exaggerations might please Mr Trump, but the market will never believe them,” Bijan Namdar Zanganeh says, according to the oil ministry’s SHANA news site.
“These statements were made due to Mr. Trump’s pressure on Saudi authorities. In reality, neither Saudi Arabia nor any other producer has such a capability,” he adds.
Saudi Crown Prince Mohammed bin Salman told Bloomberg on Friday that Saudi Arabia “did (its) job and more” by making up for the recent drop in Iranian oil sales.
He said Iran’s sales had fallen by 700,000 barrels per day since the United States announced in May that it was pulling out of the 2015 nuclear deal with Iran and reimposing sanctions on its oil industry.
— AFP
This photo from March 12, 2017, shows a an Iranian oil facility on Kharg Island, on the shore of the Persian Gulf. (AFP Photo/Atta Kenare)
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