Iran says oil product exports hit record high

Iran says oil product exports hit record high Oil Minister Bijan Zanganeh said former U.S. President Donald Trump and his secretary of state, Mike Pompeo, had "joined the dustbin of history, but we are alive and working with more hope to build the country."
Energy
January 22, 2021 18:08
Iran says oil product exports hit record high

Iran has achieved record-high exports of petroleum products despite U.S. sanctions, Oil Minister Bijan Zanganeh said in televised remarks on Friday.

Zanganeh said former U.S. President Donald Trump and his secretary of state, Mike Pompeo, had "joined the dustbin of history, but we are alive and working with more hope to build the country."

"The enemy and Trump wanted us to perish and die, our exports to reach zero," he said.

"We set the highest record of exports in the history of the oil industry during the embargo period."

Trump abandoned the Iran nuclear deal in 2018 and imposed sanctions on the Iranian energy and banking sector.

It is estimated that Iran exports less than 300,000 barrels of oil per day (bpd), compared with a peak of 2.8 million bpd in 2018.

U.S. President Joe Biden has said that if Iran resumed strict compliance with the nuclear agreement - under which it restrained its nuclear program in return for relief from economic sanctions - the United States would too.

However, two of Biden's top national security nominees said on Tuesday that the United States was a long way from deciding to rejoin the deal.
Iran has significantly increased exports of petroleum products in recent years, although oil products, like crude, fall under U.S. sanctions.

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