Iran says to boost oil, gas condensates exports to ‘highest levels’
Tehran, Iran, March 17
By Mehdi Sepahvand -- Trend:
Iran's export of oil and gas condensates will reach their highest levels in the next Iranian fiscal year (to begin March 20), the country's Oil Minister Bijan Zanganeh said.
He pointed out that during the Iranian month of Bahman (January 21 to February 19), the country added 300 thousand bpd to its oil export, IRIB news agency reported.
Iran has aimed at the production of four mbpd of oil. It suffered a severe decline of export due to sanctions. While before the sanctions the country used to export 2.3 mbpd, it could only export one mbpd up to January when the sanctions were lifted.
The country has refused to join an output boost freeze announced by Russia, Saudi Arabia, and some other countries. Zanganeh recently said Iran will not consider a freeze until it regains its official OPEC quota export.
Speaking about the ministry's priorities for the coming year, he said accomplishing development projects at South Pars, West Karun, as well as petrochemical units will be top on agenda.
Making deals on oil field developments and improving rural gas distribution to above 93 percent are other priorities, he said.