TEHRAN - In a move to beat U.S. sanctions, Iran will let private companies to export crude oil, First Vice President Eshaq Jahangiri announced on Sunday.

Speaking in a ceremony to celebrate the national day of industry and mine, the official said that Iranian crude will be offered on the bourse and the private sector can export it, IRNA reported.
“Anyone trying to take away Iran’s oil market (share) would be committing great treachery against Iran and will one day pay for it”, Jahangiri warned in an open reference to Saudi Arabia.
The U.S. wants to cut Iran’s oil export, but everyone, with even a limited knowledge of international affairs, knows that such thing is impossible, the official added.

MA/MA