Iran has mobilized all resources to sell oil in 'grey market': state media

FILE PHOTO: Gas flares from an oil production platform at the Soroush oil fields in the Persian Gulf, south of the capital Tehran, July 25, 2005. REUTERS/Raheb Homavandi/File Photo

DUBAI - Iran has mobilized all its resources to sell oil in a “grey market”, bypassing U.S. sanctions that Tehran sees as illegitimate, state media quoted Deputy Oil Minister Amir Hossein Zamaninia as saying on Sunday. The United States told buyers of Iranian oil to stop purchases by May 1 or face sanctions, ending six months of waivers that had allowed Iran’s biggest customers to import limited volumes.

“We have mobilized all of the country’s resources and are selling oil in the ‘grey market’,” Zamaninia was quoted by state news agency IRNA as saying. “This is not smuggling. This is countering sanctions which we do not see as just or legitimate.”

I’ll give them a buck a barrel

At grey prices!

Good

Harus ada jalan pintas guna keselamatan jiwa rakyat Iran dan kemanusiaan yang tanpa dibatasi oleh sekat politik. Disana kepiawai pimpinan Nasionalnya harus dioertaruhkan demi perut rakyatnya dan roda ekonomi negaranya .

this is a move that dick cheney calls 'WMD'

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Iran says U.S. sanctions on its oil industry will damage market stabilityU.S. sanctions against Iran's oil industry will damage the stability of glo... really its just so russia can sell more oil with iran sanctions in place Since the price of gas is sky high right now, which is annoying as hell, seems they're right. We dont care what they say
Source: Reuters - 🏆 2. / 97 Read more »