Iran is preparing to export oil to the US for the first time since the 1979 Islamic Revolution, the country’s Oil Minister Mohammad Reza Zarrab said on Wednesday.
“The oil is going to be sent to the USA,” he told a meeting of senior officials from Iran’s energy ministry.
The deal with the US aims to create more than 1,000 jobs and boost the countrys economy by $1 trillion.
Zarrab, who said he has been working on the deal for more than two years, said the deal could help boost the oil sector in Iran.
Iran is in talks with major oil producers in the Gulf, including Saudi Arabia and Kuwait, to create a pipeline to pump Iranian crude to Europe, where it will be sold in the European Union.
Iran also plans to sell gas in Europe to countries that have refused to sign a trade deal with Tehran.
Iran and Saudi Arabia have fought three wars since 1979.
Iran’s supreme leader, Ayatollah Ali Khamenei, has repeatedly threatened to use force if the United States attempts to block his deal with world powers.