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News number: 8805111484

20:06 | 2009-08-02

Economy

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MP Terms US Sanctions on Iran Fruitless Move

TEHRAN (FNA)- A senior Iranian lawmaker on Sunday played down effectiveness of a likely US sanction on Iran's gasoline supplies, describing the move as "politically-driven" and "impractical".



"The hegemonic powers, the US in particular, know that imposing sanctions on Iran in any sector, including boycotts on the supply of strategic and basic commodities or gasoline and other fuels, will not produce much effect," member of the parliament's Energy Commission Seyed Ali Adyani told FNA.

Commenting upon a US Senate move to impose a sanction on the supply of gasoline to Iran, Adyani noted, "The bill is more of a political, than practical, nature."

The US Senate, in an attempt to intensify pressure on Tehran over its nuclear program, ratified a plan calling for sanctions against the companies that provide Iran with gasoline and oil products.

However, for this bill to be signed into a law, it should be ratified by the US House of Representatives and the US President, Barack Obama.

The Iranian legislator further reiterated that Tehran is fully ready for difficult conditions in supplying the country's gasoline needs.

However, Adyani called on Iranian authorities to seriously review and properly manage gasoline production inside the country.

Meantime, Managing Director of the National Iranian Oil Company (NIOC) Seyfollah Jashnsaz told FNA today that Tehran has worked out different options to defuse the United States' likely sanction on gasoline exports to Iran.