BAKU, Azerbaijan, April 20. Iran is currently
doing everything in its power to maintain crude oil sales, said
Esmail Baghaei, Iran’s Foreign Ministry spokesperson, during a
press conference held in Tehran on April 20, Trend reports.
According to him, Iran's Oil Ministry employees have been
closely monitoring oil sales since the start of the war against
Iran and are striving to manage them as effectively as
possible.
Meanwhile, as no tangible progress was made in the nuclear
negotiations between the U.S. and Iran, the situation escalated on
February 28, when the United States and Israel launched military
airstrikes against Iran. In retaliation, Iran initiated missile and
drone strikes targeting Israeli and U.S. installations in the
region. Following these developments, a two-week ceasefire
agreement was brokered on April 7 through Pakistan's mediation.
However, during subsequent talks between the U.S. and Iran in
Islamabad on April 11, no consensus was reached.
Iran's total hydrocarbon reserves amount to 1.2 trillion
barrels. The available production facilities allow Iran to extract
340 billion barrels. Iran can utilize about 30% of its reserves,
while 70% remain untapped underground.
