• Iran's Deputy Trade Minister Mojtaba Khosrowtaj: Iran could double its oil exports within three months after the lift-off of sanctions

Market news

20 November 2015

Iran's Deputy Trade Minister Mojtaba Khosrowtaj: Iran could double its oil exports within three months after the lift-off of sanctions

Iran's Deputy Trade Minister Mojtaba Khosrowtaj said on Thursday that the country could double its oil exports within three months after the lift-off of sanctions.

"Earlier, before sanctions, we produced 1.8 million barrels of oil per day for domestic use and 2.5 for export. Currently, we export almost one million barrels per day, and we are fully prepared to add another 500,000 barrels of oil to our exports immediately after sanctions are lifted. And within a few months, maybe three, we can add another 500,000 barrels per day," he said.

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