Iran warns that it will try to export its oil

"We will use every possible way to export our oil and we will not succumb to the pressure of America because oil exports are the legitimate law of Iran," Zanganeh said.

Iranian oil exports fell by over 80%. After the US withdrew from the nuclear agreement in May 2018 and again imposed sanctions on Tehran. Iran has since gradually reduced its obligations under the nuclear pact.

Although the Iranian government declares its readiness to maintain the agreement and talks with the other signatories, it also announced a few months ago that if it does not receive a permit to export its oil, it will increase its nuclear capabilities every 60 days.

Zanganeha admitted that sanctions are not Iran's only problem. With a $5 billion agreement on the development of gas deposits under the Gulf of South Pars (the world's largest gas deposits, whose stocks account for around 8% of total gas resources in the world), the Chinese withdrew.

"We want to be friends with all the countries in the region. Our common enemy is out of the Middle East... I have no problem meeting with the Minister of Energy of Saudi Arabia. China withdrew from the 11th phase of the development of the deposit, so their task will be taken over by our Petropars" - said the Iranian minister.

A few months ago, the French oil company Total withdrew from the investment in South Pars.

Source: PAP