Oil Minister: Iran’s oil sales decline is not true

According to Energy Press, Mohsen Paknejad told reporters today (Wednesday, June 11) on the sidelines of a cabinet meeting about the possibility of a change in gasoline rationing: “As of this moment, as I speak, gasoline rationing continues as before and no changes have been made to it, and we have no problems with the reserves in the gasoline supply tanks.”
Regarding the joint Arash field, he said: “From the perspective of the Ministry of Oil, this field has the potential to deploy a drilling rig. However, it is obvious that before taking any action, the Ministry of Foreign Affairs must pursue the issue through diplomacy and negotiations to determine the boundaries and borders and reach an understanding.”
The Minister of Oil added: “After announcing the results of the negotiations and if officially notified by the Ministry of Foreign Affairs, the Ministry of Oil is ready to begin operations to develop the Iranian part of the Arash field.”
Iran’s oil exports continue despite sanctions
In response to the question of whether sanctions will have an impact on Iranian oil sales, Paknejad stated: Naturally, sanctions were imposed with the aim of imposing restrictions on oil sales, but we have also adopted our own solutions in line with these restrictions. For this reason, these sanctions have not had a significant impact on Iran’s crude oil sales in recent years.
Regarding whether Iran still sees oil as a source of income or has moved towards development, he clarified: We view oil as a national wealth, but at the same time we are trying to correctly define the concept of “preserving reserves”. Some think that preserving reserves means keeping oil underground for future generations, but the reality is that according to international estimates, the world may gradually move towards reducing the role of fossil fuels in energy supply in the future.
The Minister of Oil emphasized: “Of course, this view also has opponents, and many believe that as long as fossil fuels exist, they will continue to play a major role in providing energy. Therefore, as long as we can extract crude oil under appropriate economic conditions, while respecting economies of scale and economies of scale, and convert it into productive wealth on earth, we have in fact invested in the future of the country.”