Baku, Azerbaijan, Feb.16
Iranian Foreign Minister Mohammad Javad Zarif expects the world of oil prices to stabilize, RIA Novosti reported.
"There are opportunities for more stable oil prices," said the minister Feb. 16, during his speech before the members of the European Parliament Committee on Foreign Affairs.
On Feb. 16 Iran got most of the sanctions imposed on the country lifted.
The International Atomic Energy Agency (IAEA) submitted a report Feb. 16 confirming the readiness of the country's authorities to implement a program created for it by long negotiations to significantly reduce its nuclear potential.
Later, the EU and the US confirmed the removal of economic and financial sanctions from Iran related to its nuclear program.
During the sanctions Iran exported about 1 million barrels of oil per day, in particular to China, India, Turkey, Japan and South Korea.
Iran previously said that after sanctions lifting it plans to regain its former position in OPEC and international markets and to increase crude oil exports up to two million barrels per day by autumn.