Tehran, Iran, Oct.26
Trend:
Iran has already predicted the ways to reduce the impact of US sanctions on oil exports, and if such scenarios succeed, Iran's oil exports will not be reduced by more than 400,000 barrels per day, energy expert Dr. Mohammad Sadegh Jokar told Trend.
“Of course, the geopolitics of energy, including issuing some exemptions to countries trying to import Iran`s crude oil ahead of the mid-term elections in early November or recent development in Venezuela and North Africa, have helped Iran,” he said.
"If Iran successfully implements its plans and last for a period of 6 months to 1 year, then our degree of alignment and flexibility will increase in the market,” he said. “We might see a wave of sanctions at an early stage, but after a while by operating the policies, Iran can neutralize the US plots,” Jokar said.
“Of course, in addition to oil sales, there have been plans for oil money transactions,” he explained.
Pointing to the tension in relations between Saudi Arabia and the United States, Joker said that Saudi Arabia had no choice but to support Trump, and that US officials are well aware of this and do not want to put more pressure on Saudi Arabia.
"The US government is only trying to make modest changes in Saudi Arabia because of the public opinion and not seeking any strategic changes,” said Jokar.
"Saudi Arabia may reduce its oil production, not for threatening the US, but because of the issue of sustainable spare production capacity of around 1.5–2.0 mb/d," he said, referring to Saudi Arabia's threat of reducing oil production.
“According to many sources, Saudi Arabia is using its reserves,” Jokar said.
"Therefore, Saudi Arabia—OPEC’s biggest producer and de facto leader—is unlikely to reduce oil production,” he said. “The US and Saudi are agreed upon Iran, and the threat of a reduction in crude production can be bluffed or due to technical requirements within Saudi Arabia.”
