Aryanews- U.N. sanctions would have no impact on Iran's oil industry, said the country`s oil minister.
"We have no problem to meet the country's petroleum demand ... We are familiar with sanctions and sanctions will have no impact on our oil industry," said Masoud Mirkazemi.
The United States is pushing for a fourth round of U.N. sanctions on Tehran over its refusal to halt sensitive atomic work the West suspects is aimed at making nuclear bombs, a charge Iran denies.
The latest draft proposals agreed by the United States, Britain, France and Germany include restrictions on new Iranian banks established abroad and on insurance of cargo shipments to and from Iran, the world's fifth-largest crude exporter.
Washington wants to impose unilateral sanctions on fuel suppliers to Iran, and several of the world's top oil companies and trading houses have already curbed sales to pre-empt potential penalisation of their U.S. operations in future.
Energy-hungry Asian countries are the main buyers of Iranian oil. Recent months have seen a drift by some countries in Asia away from crude sourced from the Islamic Republic, but China remains a big importer of Iranian oil.
Beijing, which has close economic ties with Tehran, has resisted sanctions proposed by Western powers on Iran's energy sector.