Iran cannot compete in the international arena in the field of energy export due to economic sanctions and the lack of participation in the FATF (group of developing financial measures to combat money laundering). This was announced in an interview with the portal “Entekhab” by the President of the Federation of Iranian energy exporters Hamid Riza Saliha.
“We are limited by economic sanctions and non -participation in the Fatf. We pay for this problems with money transfers and monopolization of the market. Therefore, we are not able to compete in the export of energy resources,” Salikhi said.
According to him, Iran does not have an extensive market for the implementation of its oil, and in this connection it is necessary to trade at low prices to countries such as China. “We are forced to make discounts of China because of the monopoly in the market. We do not have a competitive environment in order to increase prices. The current situation encourages us to make discounts for sales to China,” Salihi noted.
The minister recalled that Iran made a 15-dollar discount to sell oil to China. At the same time, Russia in attempts to monopolize the Iranian market reduces prices.