Saudi can not replace IRI's oil supply - Qasemi

Saudi Arabia is never in a status by which to replace Iran’s oil supply to the global market in the long run, IRI Oil Minister Rostam Qasemi said. Qasemi told Press TV on Monday that though having stated at latest OPEC meeting it was not seeking to take Iran’s share of the oil market, Saudi Arabia's policy turns out otherwise as Riyadh announced that it was ready to compensate for a lack of Iranian oil in the market. The Iranian oil minister said, “Saudi production may be temporary, and it definitely cannot continue.” “It is not practical, and if it is practical, it is transient and will have negative effects in the future,” he added. Saudi Arabia is producing oil at its maximum capacity and any further production cannot last for a long time, Qasemi stated. He also announced that despite unilateral sanctions by the European Union and the United States, Iran has not decreased its crude production.

“We have our own customers, and there is no limitation in this,” he added