Iran oil ministry denies mismanagement allegations from Ahmadinejad
The ministry responded in a statement published by news agency SHANA that the allegations were totally untrue. "The revenues of oil sales are received on time, and have been transferred into the legal bank accounts of the country," the ministry's statement said.
Iran is facing new U.S. sanctions after the United States withdrew from an international nuclear deal, saying the accord was too generous and failed to rein in Iran's ballistic missile testing or curb the country's involvement in regional conflicts. Iran faced similar sanctions for its nuclear activities when Ahmadinejad was in power (2005 to 2013), but the high price of oil - on average above $100 a barrel in the last years of his presidency - allowed his government to survive the economic turmoil.
The ministry's statement also said it had tried to prevent problems with oil revenues being stolen as happened when the earlier sanctions were in effect. “Despite difficulties caused by the sanctions and economic war against Iran, the ministry of oil has used all means possible to prevent the repetition of sad experiences in the past when oil revenues were stolen,” the ministry said.
Under the current U.S. sanctions, eight countries - including China, India, South Korea and Japan - have been given temporary exemptions, but they have to deposit Iran’s revenues in an escrow account. (Reporting by Bozorgmehr Sharafedin. Editing by Jane Merriman)
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