Iran’s oil sector unaffected by US-led sanctions: Minister

 Oil Minister Rostam Qasemi

Oil Minister Rostam Qasemi

Press TV -(Mar 14, 2013) Iran’s Oil Minister Rostam Qasemi says the advances in the country’s oil sector have rendered ineffective the illegal US-engineered sanctions imposed on the Islamic Republic.

Breakthroughs, increase in production and efforts by those active in the oil sectors, “indicate the ineffectiveness of the enemies’ sanctions,” Qasemi said on Thursday.
He added that the hegemonic system and the Western countries, whose economic conditions are deteriorating, are the main losers of the anti-Iran oil embargoes.
Qasemi made the remarks on the sidelines of the inaugural ceremony of the Shazand Imam Khomeini refinery in central Iran, which was attended by Iran’s President Mahmoud Ahmadinejad.
The Iranian oil minister said the refinery is expected to produce 16 million liters of gasoline per day conforming to the Euro-4 and Euro-5 standards.
He further said that the government has comprehensive plans on its agenda to reduce the country’s dependence on oil revenues.
The plans include stopping the sale of crude oil and instead focusing on oil processing, he added.
The United States, Israel and some of their allies accuse Iran of pursuing non-civilian objectives in its nuclear energy program, with Washington and the European Union using this false claim to impose illegal unilateral sanctions against the Islamic Republic.
At the beginning of 2012, the US and the European Union imposed new sanctions on Iran’s oil and financial sectors with the goal of preventing other countries from purchasing Iranian oil and conducting transactions with the Central Bank of Iran.
Iran refutes the allegation and argues that as a signatory to the nuclear Non-Proliferation Treaty (NPT) and a member of the International Atomic Energy Agency (IAEA), it is entitled to develop nuclear technology for peaceful purposes.

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