Minister: Iran Accepts No Restriction on Crude Exports

Iran Accepts No Restriction on Crude ExportsIranian Oil Minister Bijan Namdar Zanganeh underlined that the country does not intend to curb down its export of crude oil under any condition.

“Iran will not accept any numbers and figures regarding the volume of its crude oil export that are dictated from elsewhere,” the Iranian oil minister told reporters on the sidelines of his visit to the 19th International Oil, Gas, Refining and Petrochemical Exhibition in Tehran on Thursday.

Zanganeh underlined that it is Iran that determines volume of its crude exports.

On Tuesday, Zanganeh reiterated that the country is strongly pressing ahead with its plans to increase production of crude oil despite Western sanctions.

He added that the initial steps have been taken to increase Iran’s oil output by one million barrels per day within the next four years.

World oil giants, including Royal Dutch Shell, British Petroleum (BP), Malaysia’s Petronas, Spain’s Repsol, Russia’s second-largest oil producer, Lukoil, France’s Total and Italy’s Eni, have shown interest in returning to the Iranian market following partial relief in the anti-Iran sanctions that came after a nuclear accord between the Islamic Republic and the six world powers last November.

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