Monday, May 18, 2015

The broader stream of oil, the more painful blow to the Kremlin – Interia

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The refinery in Bandar-Abbas in Iran / AFP

– We hope that we can return to the level of exports we had before sanctions – said, Reuters Oil Minister of State for Rokneddin Jawadi, who is also the managing director of National Iranian Oil Company.

– Yes, 2.5 (million bpd), about – he noted adding that this can be achieved within approximately three months.

The conversation was held in the Malaysian capital of Kuala Lumpur on the sidelines of the Conference of Asian Affairs of Oil and Gas.

The latest tentative agreement world powers with Iran on its nuclear program paves the way for the possible lifting of sanctions, if the required deadline to June there will be an arrangement of a more permanent nature.

As a result of sanctions Iranian oil sales abroad decreased compared with the year 2012 by more than half, to about one million barrels per day.

– It depends on the market situation and the level of prices, but will return to the traditional trade we had before – said Jawadi. According to him, more than half of exports then be due to Asian countries.

Source of information:  PAP

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