Zamaneh Media
  • Latest Articles
  • Latest News
  • About Zamaneh Media
    • Exiled Media Report
    • Sponsors
    • Donate
    • Vacancies
    • Contact us
    • Legal
  • Advertise
  • Labor Rights
No Result
View All Result
  • Latest Articles
  • Latest News
  • About Zamaneh Media
    • Exiled Media Report
    • Sponsors
    • Donate
    • Vacancies
    • Contact us
    • Legal
  • Advertise
  • Labor Rights
No Result
View All Result
Zamaneh Media
No Result
View All Result

Oil Minister warns West against sanctions

by Zamaneh Media
May 25, 2012
in Latest Articles
Reading Time: 2 mins read
0
Oil Minister warns West against sanctions
Rostam Ghassemi

Iran’s Minister of Oil warned today that sanctions on Iranian oil will lead to a leap in the price of oil on the global market and he called on the West to move wisely in this regard.

Rostam Ghassemi spoke at the opening of Tehran’s Friday Mass Prayers, saying that EU sanctions on Iranian oil have already driven up oil prices.

U.S. sanctions against Iran will take effect on June 28, and the EU oil embargo begins on July 1.

Iranian officials insist they are in no way concerned about the sanctions or the market for their petroleum exports.

Ghassemi, who was head of the Khatam-ol-Anbia financial group linked to Iran’s Revolutionary Guards Corps, says Iran "with the support of the Supreme Leader will triumph in the economic war waged against it by the West."

The United States has managed to make a significant dent in Iran’s oil market, convincing many countries to completely boycott Iranian oil and others to sharply reduce their imports.

Ghassemi added that Iran’s enemies have long been intent on stopping Iran’s oil and gas developments and now they are also trying to restrict its oil market.

Ghassemi said the vacuum created by Shell and Total’s withdrawal from contracts to develop Southern Pars has been filled by domestic contractors, and Iran’s oil industry will soon become self sufficient.

The IRGC-based company Khatam-ol-Anbia has taken over many oil-sector contracts in recent years.

While the Iranian economy is heavily dependent on its oil exports, recent sanctions have caused a sharp rise in the price of oil, which has created an unprecedented rise in Iran’s oil revenues, according to reports from the Central Bank of Iran.

Despite a fall in Iran’s oil production, its oil revenues are reportedly on a sharp rise.

Related Posts

Cartoon of the Week: Nagorno-Karabakh, Population -50,000
Latest Articles

Cartoon of the Week: Nagorno-Karabakh, Population -50,000

September 28, 2023
The Odd Czar Against Us
Latest Articles

The Odd Czar Against Us

September 28, 2023
“When the statues are toppled, the city will be ours!”
Latest Articles

“When the statues are toppled, the city will be ours!”

September 21, 2023
Woman, Life, Freedom: The Chronicle of an Uprising That Shook Iran
Latest Articles

Woman, Life, Freedom: The Chronicle of an Uprising That Shook Iran

September 16, 2023
Cartoon of the Week: Freedom of Speech in Iran
Latest Articles

Cartoon of the Week: Freedom of Speech in Iran

September 7, 2023
The Shape of Borders to Come: On the EU and Tunisia Immigration Deal
Latest Articles

The Shape of Borders to Come: On the EU and Tunisia Immigration Deal

August 28, 2023

RSS Iran in Other Media

  • Iran dispatch: putting the Iranian Bar Association under the ... - JURIST September 28, 2023
  • UK given stern ultimatum against Iran's 'seismic trigger' nuclear threat as deadline looms - Express September 28, 2023
  • What is consternation of Iran regarding S.Caucasus? - AzerNews.Az September 28, 2023
  • Ukraine's secret proposal: 'Attack drone factories in Iran and Syria' - Ynetnews September 28, 2023
  • Amir meets ambassadors of Uruguay and Iran - The Peninsula September 28, 2023
  • Iranian, Pakistani Atomic Energy Officials Discuss Bilateral Relations ... - Tasnim News Agency September 28, 2023
  • Blaming Palestinians and Iran, Mike Pompeo Rules Out ... - Palestine Chronicle September 28, 2023
  • Geopolitical tensions mar the Pakistan-Iran gas pipeline project - Middle East Monitor September 28, 2023
  • Iran’s Oil Smuggling, Sanctions, and Ongoing Tensions: A Deep Dive - Channel 16 September 28, 2023
  • US Lawmakers Demand Answers On Iran-Backed Influence Operation - ایران اینترنشنال September 28, 2023
  • Iran may agree a drone and missile deal with Russia in October: ISW - Al Arabiya English September 28, 2023
  • Iran News in Brief – September 28, 2023 - NCRI - National Council of Resistance of Iran (NCRI) September 28, 2023
  • Iran Urges Dutch Gov’t to Respect Sanctities of World’s Muslims - Tasnim News Agency September 28, 2023
  • The future of a democratic Iran is tied to a decentralized internet - Fast Company September 28, 2023
  • Concerns Rise Over Growing Afghan Population In Iran - ایران اینترنشنال September 28, 2023
  • Domestic Hacktivists Pose a Different Kind of Threat to Iran - International Policy Digest September 28, 2023
  • US, Iran Deny Secret Talks - Voice of America - VOA News September 28, 2023
  • My own personal 'Argo' moment in Iran after CIA declassifies docs - New York Post September 28, 2023
  • Global leaders, hold Iran accountable for deadly attack on Argentina’s Jewish community | Opinion - Miami Herald September 28, 2023
  • Israel says it foiled Iran plot to spy on senior politicians - The New Arab September 27, 2023
Zamaneh Media

© 2020 Zamaneh Media

More information

  • Sponsors
  • Donate
  • About us
  • Contact us
  • Legal

Follow Us

No Result
View All Result
  • Latest Articles
  • Latest News
  • About Zamaneh Media
    • Exiled Media Report
    • Sponsors
    • Donate
    • Vacancies
    • Contact us
    • Legal
  • Advertise
  • Labor Rights

© 2020 Zamaneh Media