Sunday, October 1, 2023

Mongolia, new buyer of Iranian crude

An NIOC official announced Iran and Mongolia have resumed negotiations on Iranian crude oil sales to the East Asian country through China’s route.

Seyyed Mohsen Ghamsari, Executive Director for International Affairs at National Iranian Oil Company (NIOC), touched upon the latest status of talks between Iran and Mongolia over crude exports saying “Mongolia marks a newly-emerged market for the sale and export of Iran’s oil.”

Ghamsari pointed to the recent Mongolian foreign minister’s visit to Tehran and the proposal of purchasing Iranian crude asserting “Iran perceives no limitations on oil sales to Mongolia.”

The official stressed that Mongolia is a landlocked sovereign state in East Asia eliminating the possibility to use marine routes for oil transportation.

He deemed China as one possible route for exporting Iranian crude to Mongolia; “negotiations are being held with Mongolian officials in order to finalize the oil export path through China.”

During the earlier meeting with Mongolia’s Minister of Foreign Affairs Lundeg Purevsuren, Iranian Oil Minister Bijan Zanganeh had emphasized the possibility of exporting 50 to 60 thousand barrels of Iranian crude oil to the East Asian country via Chinese companies.

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