27 Apr 2024
Thursday 7 April 2016 - 15:11
Story Code : 208398

Iran must return place in oil, gas markets

According to Iranian Foreign Minister Mohammad Javad Zarif, Iran has to come back to global oil and gas trade mar and to return to its place .

BAKU (Sputnik) Iran has toreturn its place onthe global oil and gas markets, Iranian Foreign Minister Mohammad Javad Zarif said Thursday.

"Iran must regain its place onthe market incooperation withother [oil] producing countries," Zarif said duringa press conference followinga meeting withRussian Foreign Minister Sergei Lavrov and Azerbaijani counterpart Elmar Mammadyarov inBaku.

Iranian President Hassan Rouhani said onMonday the Islamic Republics export volume, including the oil trade, has exceeded imports forthe first time sincethe 1979 revolution.

In February, the head ofthe National Iranian Oil Company said that the country aims toraise its daily oil exports to4.7 million barrels. The Organization ofthe Petroleum Exporting Countries (OPEC) estimates Irans oil production ataround 3.1 million barrels per day.

Despite recently emerging outof energy-related sanctions eased afterthe verification ofIrans compliance withlast summers landmark nuclear deal, Tehran has agreed tofreeze oil output tooffset declining prices once its production reached 4 million bpd.

By Sputnik News
https://theiranproject.com/vdcjhoe8ouqeytz.92fu.html
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