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Iran using nuclear deal to push oil sales on Europe; oil minister insists world ‘needs’ Iranian energy

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Iran is trying to persuade Europe and the US to support the nuclear deal, but the country has been weakened by oil promises even as experts warn the gains will take years to materialize. will bring financial benefits to the economy of

“Recent Iranian statements make it clear that in the face of Putin’s energy policy, Iran is trying to lure Europe with its energy exports,” said Iranian expert and senior fellow at the Foundation for Defense of Democracy. Benham Ben Taleburu, spokesperson for Fox News Digital, told Fox News Digital.

“The Islamic Republic seeks to establish itself as a potential savior of Europe’s energy problems, regardless of the facts of the incident.”

Iran’s Oil Minister Javad Ouji said the country was ready to supply oil and gas to global markets to “improve global energy security,” the Iranian news agency Tasnim reported.

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A gas flare at an oil production platform next to the Iranian flag in the Gulf, July 25, 2005.
(Reuters/Raheb Homavandi/File Photo)

“From a technical and practical point of view, the OPEC+ Joint Technical Committee concluded that in its base case the excess supply to global oil demand in 2022 would be about 600,000 barrels per day, less than 400,000 barrels per day. We are predicting that it will be the previous month’s forecast,” Owji said at a conference on Monday.

“The current situation requires careful consideration,” he said, adding that “global energy markets need to increase their supply of oil and natural gas from Iran.”

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Iran’s state news agency Mail has declared that “winter is coming” for European nations as Russia continues to exploit energy supplies in retaliation for economic sanctions imposed as a result of its invasion of Ukraine.

Russia-controlled gas company Gazprom said last week that Close Nord Stream 1 Pipeline ‘Oil leak’ sends European gas prices through the roof. It would also give Iran an impetus to turn the tide on the nuclear deal debate. Owji noted that some gas companies are asking him for $70 per million BTUs, or about $400 per barrel.

Venezuelan President Nicolas Maduro (right) meets with Iran's Oil Minister Javad Ouji in Tehran, Iran June 13, 2022.

Venezuelan President Nicolas Maduro (right) meets with Iran’s Oil Minister Javad Ouji in Tehran, Iran June 13, 2022.
(Reuters)

“Europeans are trying to make up for the energy shortages and reduce the severity of the crisis by taking some decisions in the area of ​​energy policy, but the stable and reliable supply of energy sources, especially oil and gas, is particularly important. A seasonal approach, like autumn and winter, is essential for European consumers,” said Iran’s oil minister.

Negotiations between the United States and Iran to revive the Joint Comprehensive Plan of Action (JCPOA), also known as the Iran nuclear deal, have come under pressure after U.S. Secretary of State Anthony Brinken claimed Iran’s latest response had set the negotiations back “back.” , stalled this week as the US refused. “accept any transaction that does not meet our final requirements”;

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The deal could help ease economic troubles caused by sanctions over the past few years as part of former President Donald Trump’s “maximum pressure” campaign after pulling out of the original Iran nuclear deal. provide Iran with immediate and viable funds.

Attempts to use Iranian oil to alleviate its current energy problems are a bit of an illusion, as Tehran has increased supplies but never invested in infrastructure.

The receiving station of the Nord Stream 1 natural gas pipeline is located near Lubumin, Germany on July 11, 2022.

The receiving station of the Nord Stream 1 natural gas pipeline is located near Lubumin, Germany on July 11, 2022.
(Sean Gallup/Getty Images)

“Iran is pumping and storing oil under sanctions, but conversely it does not have the infrastructure to transport natural gas to Europe and is currently not passing through the Caucasus and Anatolia,” Tarerbul explained. More worrisome is the Biden administration’s gradual interest in the JCPOA as a potential oil deal, not a non-proliferation deal.

“Framing imminent submission as a way to keep oil prices down is a slap in the face of the American people and American foreign policy, not the solution to high oil prices.”

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The World Bank reported that Iran continues to recover gradually this year, thanks to rising oil and tax revenues, and growth is projected to “remain modest in the medium term.”

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