ECONOMY


Iran’s oil minister: The best way to prevent oil prices from going up is not to apply sanctions to Iran

Baku, October 4, AZERTAC

The best way to prevent oil prices from going up is not to apply sanctions to Iran, said Iranian Oil Minister Bijan Namdar Zangeneh.

"The best way to prevent prices from going up and for the market to be tension-free is to suspend the sanctions," the minister said.

As a result of price rise of "black gold" the largest damage falls in Europe and China as a buyer and producer.

In this regard, Iran is not responsible before the Organization of Petroleum Exporting Countries, the minister added.

Note, The United States will impose international restrictions on Iran's national oil and gas companies since November 5, imposing sanctions on oil and gas sales.

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