Iran has concluded a contract to export 700,000 barrels of its oil daily to the European market, Iranian Petroleum Minister Bijan Namdar Zangeneh said, Sputnik International reports.
In late February, Zangeneh stated that Iran's oil exports rose to 1.7 million barrels per day after the nuclear-related sanctions were lifted.
"Iran has already signed deals to export 700,000 barrels of oil per day to Europe, but the whole volume is not currently taken. I think it may be possible within the next few months," the minister was quoted as saying by the Tehran Times newspaper.
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