Jerusalem, April 11 – Iran can survive for up to three years without selling any oil, the country’s president, Mahmoud Ahmadinejad, said on April 10.
“Some people think that they can trouble Iran through oil sanctions but I should say that we have so much reserves that even if we don't sell oil for two to three years, the country will be administered easily,” he told an audience in Hormozgan Province.
The Iranian leadership points to its ongoing sales of oil as proof that international action is ineffective.
Tehran faces “no problems” in selling petroleum, Oil Minister Rostam Qasemi said on April 10.
The United States, European Union and other major international players hope an oil embargo on Iran will persuade the Islamic republic to abandon its nuclear weapons program. Despite all the evidence, Tehran denies it is trying to create nuclear weapons.
Israel hopes a separate sanction on Iran will have more impact. Prime Minister Benjamin Netanyahu said last week he believes the ban on SWIFT financial transfers to Iran is tough but it is still to be seen if it will succeed.
Iranian negotiators are slated to hold talks in Istanbul on April 14 with representatives of the five permanent members of the United Nations Security Council and Germany.