Iran’s Oil Minister Bijan Namdar Zanganeh says the country will not accept any limitation to the export of its crude oil.
“The volume of Iran’s oil export is the same as it is supplied in the oil market,” Zanganeh told reporters on the sidelines of his visit to the 19th International Oil, Gas, Refining and Petrochemical Exhibition in Tehran on Thursday.

“Iran will not accept any numbers and figures regarding the volume of [its] crude oil export that are dictated from elsewhere,” he added.

The Iranian oil minister said Iran itself determines the volume of its oil export.

On Tuesday, Zanganeh said the country is strongly pressing ahead with its plans to increase production of crude oil despite Western sanctions.

He added that initial steps have been taken to increase Iran’s oil output by one million barrels per day within the next four years.

World oil giants, including Royal Dutch Shell, British Petroleum (BP), Malaysia’s Petronas, Spain’s Repsol, Russia’s second-largest oil producer, Lukoil, France’s Total and Italy’s Eni, have shown interest in returning to the Iranian market following partial relief in the anti-Iran sanctions that came after a nuclear accord between the Islamic Republic and the six world powers last November.

In 2012, the United States and the European Union imposed sanctions on Iran’s oil and financial sectors under the pretext of deviation in Iran’s nuclear energy program towards militarism.

On January 20, the EU Council partially suspended its sanctions against the Islamic Republic according to the nuclear deal between Tehran and the five permanent members of the UN Security Council -- France, Britain, Russia, China, the United States – plus Germany.

By Press TV

 

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