Iran, EU form joint working group to solve oil trade problems

ایران و اتحادیه اروپا

Tehran (ISNA) – EU Commissioner for Energy Miguel Arias Canete announced that Iran and EU has formed a joint working group to address problems that might affect Iran’s oil exports.

“In this working group, we will try to come up with solutions that would allow Iran to keep its global level of oil exports,” he said following his meeting with Iranian Oil Minister Bijan Namdar Zanganeh.

He stated, “EU has sent its special message to Iran, emphasizing its willingness to abide by the 2015 nuclear deal officially known as the Joint Comprehensive Plan of Action (JCPOA)”.

“This requires keeping the economic agreements that were sealed in connection with the JCPOA so that Iran’s oil exports remain at the same levels that existed before the US parted way,” the European official added. 

“To the same effect, we plan to start negotiations with the US so that exemptions to certain sanctions are put into place, particularly with regards to trade agreements that were signed when the US was part of the JCPOA.”

Pointing out that the EU is looking for ways to protect European enterprises against US sanctions, he said, “We are trying to provide financial infrastructure required for the implementation of EU trade deals with Iran”.

“We also want to study all the problems that affect the current flow of Iran’s oil trade. Iran’s oil minister spoke about all problems that we need to resolve which did not only include providing funds but expanded to other issues such as insurance, bunkering of oil and etc…” Mr. Canete added, according to Press TV.

Canete said the joint oil trade working committee with Iran was formed to look for solutions to the same problems. He added that the first meeting of the committee was held in Tehran on Saturday in which the agenda and the timetable for future meetings were determined.

“Europe is trying to provide Iran with the necessary guarantees to keep its oil export activities unchanged,” he said.

“On the other hand, the people of Iran should know that they will benefit from the advantages of an international agreement. This agreement is not only essential for preserving the peace and security of the region but is also necessary for Iran’s economy”.

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