Expert: Iran will export 1.5M barrels of oil daily in most optimistic case
Baku, Azerbaijan, Feb. 23
By Elnur Baghishov – Trend:
Three options can be envisioned for the export of Iranian oil. In the most optimistic case, Iran will export 1.5 million barrels of oil daily, energy expert Mehdi Hosseini told ISNA, Trend reports.
According to Hosseini, co-operation with European, Chinese and Indian banks on one hand will form through a special financial mechanism.
Hosseini added that, at the same time, the exclusion of eight countries among Iran’s import partners from sanctions, along with the continued decline in OPEC's oil production volumes, will help Iran keep its oil exports at 1.5 million barrels.
"Bartering oil for equipment or necessary products as part of the cooperation with neighboring countries should be added here," he said.
As for the worst-case scenario, the Iranian expert surmised that, in such a case, Iran will sell 600,000-800,000 barrels of oil daily.
Hosseini went on to say that, in an average-case scenario, Iran's daily oil exports would stand at 1.2 million barrels, adding that the special financial mechanism would have a wider range of utilization in the best-case scenario.
"A better cooperation can be established with some European banks, such as EIH Bank (Iranian-European Bank), along with some Chinese banks, such as the Bank of Kunlun, and some Indian banks," he said.
According to Hosseini, negotiations on money transfer may be conducted to this end with Swiss, German, Chinese, Omani and Russian banks.