Iran Claims to Have Neutralized Impact of U.S. Sanctions on Condensate Exports

Iran has managed to neutralize the effect of the U.S.-led Western sanctions on its gas condensate exports, Iranian Petroleum Minister Javad Owji said on Wednesday. “I can dare say that sanctions on gas condensates export have been neutralized,” Iranian news website Iran Front Page (IFP) quoted Owji as saying during the last government meeting of the outgoing administration. Iran has turned gas condensate – very light oil – into added value by exporting more of it, according to the Iranian minister.   The outgoing…