Iran announced Wednesday that it will allow private companies to buy 3 million more barrels of oil as it seeks to sidestep sweeping US sanctions. Tehran hopes to diversify its export channels as US sanctions take aim directly at its petroleum sales. Oil Minister Bijan Zangeneh said 700,000 barrels of oil have so far been sold to private buyers since the United States reimposed sanctions in November. Read More
Iran to sell 3 million barrels of oil to private buyers to sidestep US sanctions
Iran announced Wednesday that it will allow private companies to buy 3 million more barrels of oil as it seeks to sidestep sweeping US sanctions. Tehran hopes to diversify its export channels as US sanctions take aim directly at its petroleum sales. Oil Minister Bijan Zangeneh said 700,000 barrels of oil have so far been sold to private buyers since the United States reimposed sanctions in November. Read More
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