Iran will develop oil industry despite U.S. sanctions - Zanganeh says


  • World
  • Saturday, 11 Jul 2020

FILE PHOTO: Iran's Oil Minister Bijan Zanganeh arrives at the OPEC headquarters in Vienna, Austria December 5, 2019. REUTERS/Leonhard Foeger

DUBAI (Reuters) - Iran is determined to develop its oil industry in spite of U.S. sanctions imposed on the country, Iranian Oil Minister Bijan Zanganeh said in a televised speech on Saturday.

"We will not surrender under any circumstances ... We have to increase our capacity so that when necessary with full strength we can enter the market and revive our market share," said Zanganeh.

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