Sanctions to leave no impact on Iran's oil sector: minister

22:16, April 15, 2010      

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Iran's Oil Minister Masoud Mirkazemi said his country will have no problem with its oil requirements in the face of the West's probable sanctions, the local satellite Press TV reported on Thursday.

Mirkazemi said Wednesday that the U.S.-led sanctions against Iran have failed as the country has managed to become self- sufficient in oil production and products.

Iran has been confronting hostile sanctions for more than 30 years, Mirkazemi told reporters, adding that "international sanctions are not a new issue and we have no problem in dealing with them."

Six world powers, namely Britain, China, France, Russia, the United States and Germany, met Wednesday in New York for a second round of talks in less than a week behind closed doors to discuss possible steps over the Iranian nuclear issue.

The United States and other Western countries have been pushing for a fourth round of UN sanctions to restrict Iran's nuclear efforts, which they say are aimed at developing nuclear weapons.

Iran has denied the Western accusation, saying its nuclear program is solely for peaceful purposes and is intended to generate electricity for its people.

Source: Xinhua


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