May 7, 2018 / 12:23 PM / a year ago

Iran says new sanctions would not stop its oil industry advancement

ANKARA, May 7 (Reuters) - Iran’s oil industry will continue to develop even if the United States pulls out of the 2015 Iran nuclear deal, and Tehran would still see the accord as operational as long as it can sell oil, the Oil Ministry website quoted senior officials as saying on Monday.

“They cannot stop Iran. Our oil industry’s development will continue even if new sanctions are imposed on Iran,” Gholamreza Manouchehri, deputy head of the National Iranian Oil Company, was quoted as saying on the website.

Deputy oil minister Amirhossein Zamaninia also said that Iran considered the deal alive “if we can continue to sell our oil and its products” even if the United States pulls out.

U.S. President Donald Trump has threatened to pull out of the Iran deal by not extending sanctions waivers when they expire on May 12, unless European signatories of the accord fix what he calls its “flaws”. (Writing by Parisa Hafezi Editing by Hugh Lawson)

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