Ali Kardor, the chief of investment for the National Iranian Oil Company: Iran plans to rise its oil exports by 500,000 barrels a day by late November or early December

Market news

25 September 2015

Ali Kardor, the chief of investment for the National Iranian Oil Company: Iran plans to rise its oil exports by 500,000 barrels a day by late November or early December

Ali Kardor, the chief of investment for the National Iranian Oil Company, said on Thursday that Iran plans to rise its oil exports by 500,000 barrels a day by late November or early December. He noted that the country expects its exports to exceed today's figure by 1 million barrels a day.

Kardor also said that oil price could decline by $3 to $4 when Iran boosts its oil exports.

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