Iran will push forward with plans to pump an additional one million barrels of oil per day into an already oversupplied global market, a senior Iranian oil official told CNN in an exclusive interview.
“Iran is not the cause for this turmoil,” Deputy Oil Minister Amir Hossein Zamaninia told CNN’s Fred Pleitgen on Sunday, referring to the slump in oil prices. “We do not intend to sanction ourselves again after coming out of the sanctions.”
Oil producers have been watching nervously as Iran prepares to bring its supplies back to the global market after economic sanctions on the country were lifted as part of a landmark nuclear deal with world powers.
Source : CNN (28 February 2016)