Iran began selling oil to private exporters to circumvent the US sanctions.

                                                                                    INQUIRY

      SHANA, Iran's oil ministry news agency, reported that Iran began selling crude oil to private companies Sunday as part of a strategy to deal with U.S. sanctions. The US sanctions will come into force in November 4th with the aim of stopping Iran's crude oil exports.
Many officials said Iran's crude oil trade was controlled by the state. Previously private refineries could only purchase crude oil for refined oil exports.
 
SHANA added that 280,000 barrels of 1 million barrels of crude oil were sold at $74.85 a barrel through the Energy Exchange.
Iran said in July that it would start selling crude oil to private companies as part of its efforts to maintain crude oil exports and other anti-sanctions measures, after the United States asked its allies to cut off all oil imports to Iran from November.
SHANA said Sunday's crude oil sales increased by 35 thousand barrels, but did not mention buyers.


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