Iran will try to regain its share of the European market for oil exports before intensified sanctions brought them to zero, an energy official said on Tuesday.�

�Reclaiming the Iranian share in the European oil market depends on our performance but we will try to do it at the maximum possible level about 42-43% of our exports,� head of international affairs at the National Iranian Oil Company (NIOC) Mohsen Qamsari said.

The official, however, stressed that "the Asian market is still Iran�s priority because it is closer to us and the prices are more suitable".

Iran exports�about 1 million barrels of crude oil to Asia under an interim nuclear deal.

Qamsari also said Tehran would have no problems for marketing its oil after the removal of sanctions.

�The crude oil which we are producing is neither super-heavy nor super-light; it is medium which has its own customers. Hence, we will have no problems for sales.�

Saudi Arabia, Russia and Iraq have ramped up production to replace Iran�s barrels�after sanctions cut Tehran�s share by half.

Minister of Petroleum Bijan Zangeneh has said Iran was not worried about the market for the sale of its oil when it raised�output in the event of a nuclear deal.

�The situation is favorable for us, because in Iran and the Middle East, the cost is less than $10 (per barrel). That's why we're not worried about the market,� he said in June.

The global market is currently facing a supply glut in the face of record output by Saudi Arabia and other key producers, pushing prices to record lows for few months.

Zangeneh said he was �sure that the other producers who have increased their production, as Iran went out of the market, will take it into consideration� and make room for the country when it returns to former production levels.

By Press TV