Iran plans to halt oil supplies if new sanctions are introduced, Iranian oil minister Rostam Qasemi said in Dubai.

The Minister said the Islamic Republic has a plan enabling to survive without revenue from oil supplies, ITAR-TASS reported.  

Rostam Qasemi refused to unveil figures on oil exports presenting information only on oil production.

Although Iran has been faced with U.S. sanctions for 30 years, the country can control oil sector successfully, he added.