Iran says it will adopt maximum crude output policy if U.S. lifts sanctions
DUBAI (Reuters) - Iran will adopt a policy of maximum crude production if the United States lifts sanctions on the country's oil industry, Iranian Oil Minister Bijan Zanganeh said on Saturday. 'Maximum production would be the Iranian Ministry of Petroleum's policy in case (U.S.) sanctions are eased on Iran's oil industry,' the ministry's official news website SHANA quoted Zanganeh as saying
DUBAI (Reuters) - Iran will adopt a policy of maximum crude production if the United States lifts sanctions on the country's oil industry, Iranian Oil Minister Bijan Zanganeh said on Saturday.
"Maximum production would be the Iranian Ministry of Petroleum's policy in case (U.S.) sanctions are eased on Iran's oil industry," the ministry's official news website SHANA quoted Zanganeh as saying.
Since exiting from Iran's 2015 nuclear deal with world powers last year, U.S. President Donald Trump has reimposed sanctions on Iran. He has also introduced other limitations, including threats of sanctions against any country importing oil from Iran, causing a more than 80% drop in the OPEC member's oil exports.
"Our oil industry is alive, it is active. The U.S. sanctions cannot stop Iran's oil exports," Zanganeh said.
Trump has pursued a policy of “maximum pressure” on Iran to try to force it into broader talks to restrict its ballistic missile program and end its support for proxy forces around the Middle East.
But Iran has ruled out talks until all sanctions imposed on it are lifted. European parties to the deal have struggled to calm the deepening confrontation between Iran and the United States.
(Writing by Parisa Hafezi, editing by Louise Heavens and Christina Fincher)
This story has not been edited by Firstpost staff and is generated by auto-feed.
By Robin Emmott and John Irish | BRUSSELS/PARIS BRUSSELS/PARIS France and Germany will agree to a U.S. plan for NATO to take a bigger role in the fight against Islamic militants at a meeting with President Donald Trump on Thursday, but insist the move is purely symbolic, four senior European diplomats said.The decision to allow the North Atlantic Treaty Organization to join the coalition against Islamic State in Syria and Iraq follows weeks of pressure on the two allies, who are wary of NATO confronting Russia in Syria and of alienating Arab countries who see NATO as pushing a pro-Western agenda."NATO as an institution will join the coalition," said one senior diplomat involved in the discussions. "The question is whether this just a symbolic gesture to the United States
BEIJING Chinese President Xi Jinping on Wednesday called for greater efforts to make the country's navy a world class one, strong in operations on, below and above the surface, as it steps up its ability to project power far from its shores.China's navy has taken an increasingly prominent role in recent months, with a rising star admiral taking command, its first aircraft carrier sailing around self-ruled Taiwan and a new aircraft carrier launched last month.With President Donald Trump promising a US shipbuilding spree and unnerving Beijing with his unpredictable approach on hot button issues including Taiwan and the South and East China Seas, China is pushing to narrow the gap with the U.S. Navy.Inspecting navy headquarters, Xi said the navy should "aim for the top ranks in the world", the Defence Ministry said in a statement about his visit."Building a strong and modern navy is an important mark of a top ranking global military," the ministry paraphrased Xi as saying.