Iran to elevate oil exports by 10%

TEHRAN, Apr. 17 (MNA) – Deputy oil minister has announced that Iran’s daily oil sales will reach two million barrels in coming days.

Roknodin Javadi touched upon the latest status of Iran’s crude and condensate exports saying “the export volume of Iranian gas condensate will experience a 10-percent rise in late April.

Managing Director of National Iranian Oil Company (NIOC) emphasized that daily crude production of the country has hit 3.5 million barrels; “it is estimated that the production volume will soar even more in view of the newly-signed contracts.”

Javadi pointed to the sealing of oil sale deals with Asian and European oil companies reiterating “currently, about 30 to 35 per cent of Iran’s oil export is being shipped to European markets.”

“Given the easing of sanction restrictions, sales of Ran’s gas condensate to foreign firms will further grow in upcoming months,” he recalled.

The remarks were made on the eve of the Doha Summit where nations representing almost 60 percent of the world’s oil production will gather in Qatar’s Doha on April 17 to discuss freezing their output at January levels in an effort to stabilize prices.

 

HA/3599799

 

News Code 115856

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