May 03 2012
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Saudi Arabia cannot replace Iran oil: official
"I say decisively that Saudi Arabia cannot replace Iran's oil in the oil market," Mohsen Qamsari told the Mehr News Agency.
Qamsari said currently Iran's oil has many customers.
Qamsari also said Iran has renewed its oil contract with most of the Japanese refineries for the 2012.
However, he said certain Japanese refiners have made some changes to the kind of oil (heavy or light oil) that they purchase from Iran.
He added if Iran's oil to European market is halted, another market will open up to Iran because "currently the global oil market is balanced."
© Tehran Times 2012
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