Iranian Oil Minister Bijan Namdar Zanganeh said the lifting of economic sanctions imposed against Iran could help rebound oil prices to a logical level.
"With the removal of sanctions against Iran, the trend of global oil prices will become rational," IRNA cited him.
According to the minister, the lifting of economic embargos against Iran could shore up oil prices.
Zangeneh also said that falling oil prices would not have an impact on the construction of mini liquefied natural gas refineries at the South Pars oil and gas field.
"The plummeting global oil price has no impact on the economic justification for building the LNG refineries. Undoubtedly, the construction of these refineries will be carried out according to schedule," TASS quoted him as saying.
