Tehran to return to pre-crisis oil exports in 3 months

Tehran to return to pre-crisis oil exports in 3 months

Iran will restore pre-crisis volumes of oil exports in three months after the lifting of sanctions, Iranian Deputy Oil Minister Rokneddin Javadi said.


"We hope we can come back to the export levels that we had before the sanctions," Trend cited Javadi as saying.


The deputy minister noted that Tehran hopes to raise exports to around 2.5 million barrels per day in three months.


According to Javadi, the oil price will rise to around $80 a barrel by the end of 2016. "From a commercial point of view, today's prices should be sustained and increase gradually," he explained.

 

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