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Global oil market needs Iranian crude

Service : Politic
TEHRAN, Oct 3 (ICANA) – Iranian Majlis (parliament) vice speaker Mohammad-Hassan Aboutorabi-Fard says the global market is in desperate need of the two million barrels of Iranian oil.
Monday, October 03, 2011 2:25:59 PM
Global oil market needs Iranian crude

Given the world's economic situation, refraining from purchasing Iran's oil creates more serious problems for the world's economy and this is why they badly need Iran's oil,” ISNA quoted Aboutorabi-Fard as saying on Sunday.

Western powers -- led by the United States -- have been making attempts to cripple Iran's energy sector in a bid to force the country to halt its peaceful nuclear program.

Indian firms struggled for more than six months to pay Tehran as they faced complications caused by the anti-Iran sanctions.

The Iranian lawmaker, however, stressed that India had managed to settle all of its oil payment debt to Iran.

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