Iranian Minister of Petroleum: Europe will "cut off oil" to strengthen cooperation with China

The Iranian Minister of Petroleum Rostam Gasemi called on February 4th that the EU countries should reconsider the decision on imposing an oil embargo on Iran and that Iran will stop exporting crude oil to some European countries. At the same time, he is very satisfied with the oil cooperation between Iran and China. He also disclosed that he was about to visit China. During this period, he may sign a new oil contract with China and discuss how China and Iran will settle their trade, economic and financial affairs when Western sanctions against Iran are imposed.

Gasemi said that the oil exported to the EU accounts for only about 18% of Iran’s total oil exports. He said that as a response to the EU sanctions, Iran will stop exporting crude oil to some European countries. He did not disclose which countries it is.

Gassami said in his talks with China on strengthening oil cooperation that China and Iran have similar cultures. For a long time, the two countries have enjoyed good cooperation. He is satisfied with the cooperation between the two countries and hopes that Sino-Iranian relations will be as stable and continue to develop as they have in the past. Gasemi also said that during his current visit to China, he will discuss more oil cooperation with China and may sign new contracts.

Gasemi: "We hope that this visit will make the relations between the two countries more stable. We will negotiate on different areas. In the contract for the Iranian oil construction project, these contracts are being discussed. In this visit, both sides will pay attention to the necessary Work to quickly reach agreement on these project contracts."

Gassem also stated that Iran’s economic and trade exchanges with China are getting closer. Under the pressure of Western sanctions, how to solve the financial settlement barriers in the trade between the two countries will be an important issue for this trip. When the reporter asked whether or not he would discuss with the Chinese side the use of *** instead of US dollar to settle the crude oil trade, Qasami did not respond positively.

Gasemi: "I think the problem concerning (financial settlement) can be solved. We must pay for the import of goods, and the Chinese need to pay for the purchase of our oil. May Allah be blessed, we will address the issues in this visit." Make adjustments."

Gasemi also believes that China-Iran cooperation will not be affected by the sanctions. He called for more Chinese companies to invest in Iran, and Iran will provide Chinese companies with more investment opportunities in the crude oil sector.