Baku, Azerbaijan, Apr.12
By Fatih Karimov - Trend:
Iran will boost its oil production to 5.7 million barrels per day in the calendar year 1397 (March 2018-March 2019).
Iranian lawmaker Ali Marvi quoted Iranian Oil Minister Bijan Namdar Zanganeh as saying that the country's gas production will also rise to one billion cubic meters per day, Iran's IRNA news agency reported on April 12.
Another Iranian lawmaker Mousa Ahmadi said the oil minister believes that gasoline import will be beneficial for the country, both in terms of costs and consumption.
Iran's average gasoline consumption currently stands at 68 million liters per day.
Over 6.534 billion liters of gasoline was consumed in Iran during last summer.
The figure is 500 million liters more than the same period of time previous year.
Iran's oil exports increased by 250,000 barrels per day in January compared to the country's average monthly exports in 2013, according to the latest reports released by international organizations, including the International Energy Agency (IEA).
Iran's monthly oil exports gradually increased in the past four months, reaching 1.32 million barrels per day (including gas condensates) in January.
Iran's average oil exports were around 1.07 million barrels per day in the previous year.
Iran and the P5+1 reached a nuclear agreement on Nov. 24. Iran has agreed to curb some of its nuclear activities for six months in return for sanctions relief including tanker's insurance. The deal was implemented from Jan. 20.
Sanctions on Iran's oil sector are still in place, but lifting sanctions on tanker's insurance, and the fact that Washington has never officially mentioned gas condensates' sanctions will allow Iran to boost its gas condensates exports.