Private buyers of Iran crude had no problems exporting it: oil minister

16:39 | 27/12/2018 Global Economy

Private buyers of Iranian crude have had "no problems" exporting it, Iran's oil minister was quoted as saying on Wednesday by state news agency IRNA, despite U.S. sanctions targeting Iran's oil exports.

Iran's Oil Minister Bijan Zanganeh arrives for an OPEC meeting in Vienna, Austria in June 2018 - Photo: REUTERS

Private buyers of Iranian crude have had "no problems" exporting it, Iran's oil minister was quoted as saying on Wednesday by state news agency IRNA, despite U.S. sanctions targeting Iran's oil exports.

Iran began selling crude oil to private companies for export in late October, just ahead of U.S. sanctions on sectors including oil which came into effect on Nov. 5.

"Those who bought oil on the bourse have been able to export and there have been no problems in this regard," IRNA quoted Oil Minister Bijan Zanganeh as saying.

Theo Channelnewsasia/Reuters