Iran’s crude exports to remain 1mbpd, says N. Negotiator

TEHRAN (ISNA)- A member of Iranian nuclear negating team said the volume of Iran’s crude exports will remain at 1 million barrels daily based on Geneva deal.

“It is expected that based on Geneva deal Iranian crude exports would remain at 1,000,000 barrels daily,” Hamid Baeidi-Nejad told ISNA.

“The US administration has been trying so long to limit purchase of Iranian crude by buyers, so that the buyers reduced buying Iranian crude oil in a stepwise way, but from now on based on the deal the efforts are to be stopped. Clients for Iranian crude must continue buying Iranian oil as they have done so far,” he added.

Iran is now selling 1,000,000 million barrels of crude daily, he said, adding the amount was expected to reduce while based on the deal there will be no change in the amount of Iranian exports.

On November 24, Iran and the five permanent United Nations Security Council members plus Germany sealed the six-month Joint Plan of Action to lay the groundwork for the full resolution of the West’s decade-old dispute with Iran over its nuclear energy program.

In exchange for Tehran’s confidence-building bid to limit certain aspects of its nuclear activities, the Sextet of world powers agreed to lift some of the existing sanctions against Tehran and continue talks with the country to settle all problems between the two sides.

By ISNA

 

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