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Iran exports some oil via private firm

  • Iran: Tuesday, September 11 - 2012 at 11:49

The head of Iran's oil products exporters' union has said private Iranian companies have succeeded in exporting some of the country's oil despite tight Western sanctions, Reuters has reported. At least one cargo of Iranian oil has been shipped to an unnamed country by a private company, helping limit the impact of pressure which has dented Iran's oil exports in 2012, said Hassan Khosrojerdi. "This shipment of oil was transferred to a foreign company using non-Iranian oil tankers," Khosrojerdi said, without giving any details. "Through negotiations and marketing with several foreign companies, several new contracts have been signed to export oil through the private sector."

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