Iran to maintain its traditional oil marketing
Baku, Azerbaijan, Oct. 26
By Umid Niayesh - Trend:
Iran will maintain its traditional marketing methods to sell oil in the post-sanctions period, Mohsen Ghamsari, executive director for international affairs at the National Iranian Oil Company (NIOC) said.
"Protecting the current markets is a priority, but Iran can also work on new marketing methods to boost its exports," Ghamsari said, the oil ministry's official SHANA news agency reported Oct. 25.
After stabilizing Iran's position in the global market, Tehran can study new ways to sell more crude oil, he underlined.
"New methods are not very different from traditional ones, but provide more flexibility in marketing," the Iranian official said.
He further rejected using tender for crude oil sell.
Offering crude oil in exchange also is not possible for the time being due to lack of the needed structure, Ghamsari noted.
Using new methods to find new customers does not mean that Tehran will put its oil to auction, he emphasized.
Last month Ghamsari said that Iran is fully prepared to increase its crude oil export by 500,000 barrels per day, once sanctions are lifted, adding the global oil market can easily absorb Iran's surplus output.
He stressed that in the past three years, other crude oils replaced Iran's crude in the market.
Iran's current oil production stands at about 2.7 million barrels per day.
There are three main sanctions on the Iranian oil sector that the country expects to be removed, including the transfer of petrodollars, providing oil tankers, and insuring the tankers.
The sanctions are to be removed following the nuclear deal between Tehran and world powers that was made on July 14.
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