In statements to Shana, he added that over the last year crude oil has been the top priority in talks about resuming swap and all the infrastructures have been prepared accordingly.
Describing a decision made during the former administration regarding halting crude oil swap as irrational, he said private sector which had been deprived of entering swap transactions is capable enough to get involved in this kind of transactions.
Hosaini also said: "In case of lifting sanctions and opening the doors toward international community, Iran’s private sector is well prepared to take part in swap, transit and export of crude oil."
Elsewhere in his remarks he said over the past ten years private sector has acquired enough experience through close cooperation with the National Iranian Oil Refining and Distribution Company (NIORDC) in oil products' swap.
According to Hosaini the oil industry spent 600 million dollars to launch crude oil swap with Caspian sea littoral states and designed some oil refineries so that they could use light oil from these countries, but now that oil swap has been put on hold it has inflicted huge damages to the country.
Continuation of swap could even impact international sanctions relief as far as it is concerned with selling crude oil, he noted.
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