Iran’s Deputy Oil Minister Rokneddin Javadi: Iran is not ready to freeze its oil output

Market news

23 May 2016

Iran’s Deputy Oil Minister Rokneddin Javadi: Iran is not ready to freeze its oil output

Iran's Deputy Oil Minister Rokneddin Javadi said on Sunday that the country was not ready to freeze its oil output as it has not reached pre-sanctions levels. He noted that Iran's crude oil exports, excluding gas condensates, reached 2 million barrels a day, adding that the country's crude oil export capacity was expected to reach 2.2 million barrels a day by the middle of summer.

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