Jan. 3 (Bloomberg) -- Additional sanctions against Iran’s oil industry will destabilize world markets, making them “irrational,” Shana reported, citing the country’s oil minister.
Iran has no difficulty selling its crude, Rostam Qasemi said at the legal department of the Ministry of Petroleum, according to the oil ministry’s news website. Iran has facilitated investment in its energy industry by “sweetening terms of contracts,” Shana cited Qasemi saying without providing details.
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