As the Russia-Ukraine war consumed global markets of oil and Gas, Iran said the country is ready to supply oil to Europe if western sanctions over its nuclear programme is lifted, spokesman of Iran’s Foreign Ministry Nasser Kanani said yesterday.
The development comes after Russia blocked major gas pipeline to Europe.
"Given Europe’s energy supply problems triggered by the Ukraine crisis, Iran could provide Europe’s energy needs if sanctions against it are lifted,” AFP quoted Kanani saying.
"We hope an agreement will be reached to let Iran play a more efficient role, with the aim of providing the energy needed for countries around the world and for European countries,” he said.
Iran is engaged in talks with world powers to revive the 2015 nuclear deal, which the US unilaterally abandoned in 2018, imposing "unprecedented sanctions" on the Islamic Republic.
Sanctions against Iran started in 1979 soon after the Islamic revolution and continues to block Iran’s trade with other countries.
Iran has the world’s second largest natural gas reserves, after Russia, but lacks the infrastructure to increase exports, which are currently limited to Iraq and Turkey.
Tehran and the six other parties to the 2015 nuclear accord – Britain, China, France, Germany, Russia and the US – have been negotiating a return to the nuclear agreement.
