Oil exports will be Iran’s focus in nuclear negotiations in Vienna, diplomat says

Negotiations with world powers to salvage Iran’s 2015 nuclear deal, the Joint Global Action Plan (JCPOA), are expected to resume in Vienna at 2 pm PT, state media reported (Image: REUTERS/Vasily Fedosenko)

The main focus of Will in the negotiations on the nuclear program that will be resumed in the Austria this Monday will be the lifting of all sanctions of the USA in a verifiable process that ensures Tehran’s ability to export its Petroleum, said Iran’s foreign minister.

Negotiations with world powers to save Iran’s 2015 nuclear deal, the Joint Global Action Plan (JCPOA), are expected to resume in Vienna at 2 pm (Brasilia time), state media reported.

“The most important issue for us is getting to a point where, first, Iranian oil can be sold easily and without obstacles,” Iranian media said, citing Foreign Minister Hossein Amirabdollahian.

“Money (from oil sales) must be deposited as foreign currency in Iranian banks – so that we can enjoy all the economic benefits stipulated in the Joint Global Action Plan.”

In 2018, the then president of the United States, Donald Trump, withdrew from the JCPOA and imposed severe economic sanctions against Tehran, which responded a year later by resuming and accelerating uranium enrichment, a potential avenue for nuclear weapons.

As exports Oil, Iran’s main source of revenue, plummeted under US sanctions. Tehran does not release data, but assessments based on shipping and other sources suggest a drop from about 2.8 million barrels per day (bpd) in 2018 to a level of 200,000 bpd. A survey estimated exports at 600,000 bpd in June.

Source From: Moneytimes

Share this article:

Leave a Reply

most popular