Iran ready to double oil export following lifting sanctions
Baku, Azerbaijan, Nov. 19
Iran is ready to double oil exports up to two million barrels per day within three months after lifting the sanctions, Mojtaba Khosrotaj, the Iranian First Deputy Minister of Industry, Mine and Trade, said in an interview with RIA Novosti.
The interlocutor of the agency is confident that the oil embargo will be lifted from Iran in mid-December and early January 2016.
"We do not accept a variant of gradual lifting of sanctions," he said. "We stated that all sanctions must be lifted at the same time. We are fully prepared to start exporting oil as soon as the sanctions are lifted."
Khosrotaj said that Iran is an OPEC member.
"The country had a quota of 4.3 million barrels of oil before the oil embargo was imposed," he said.
"Previously, we produced 1.8 million barrels of oil per day for domestic consumption and 2.5 - for export before the sanctions," he said. "At present, we export nearly one million barrels a day. We are fully ready to add 500,000 barrels of oil more for export after lifting the sanctions. We will be able to add 500,000 barrels per day more within a few months, maybe three."