Market; Water and Energy Group: Recently, the head of the Stock Exchange Organization claimed that the sanctions have resulted in a profit of $15 billion for the sanctions businessmen. However, Hamid Hosseini, spokesman for the Petroleum Products Exporters Union, considered the cost of the sanctions to the Iranian economy much higher than this number and said: Due to the sanctions, we are forced to sell our export goods cheaper and pay more for the import of goods.
Stating that the sanctions impose a cost of $20 to $25 billion on the Iranian economy, this energy expert said: For example, the difference in the price of Iranian bitumen with Bahraini bitumen was about $25, but now this difference has increased to $75 to $90. In fact, they buy our bitumen at a cheaper price of $75 to $90.
According to him, this cost, which is caused by the sanctions, has put heavy pressure on exporters and reduced their competitiveness in export markets.
Hosseini continued: Iran needed global interactions and connections with the world to develop its oil and gas industry.
He clarified: “Of course, depoliticizing the oil market is a vital issue for energy security, especially the oil market and its players, and imposing unilateral sanctions against major oil producers in the world and putting pressure on OPEC is clearly destabilizing the oil and energy markets and harming consumers around the world.”
