Iran has no plans to freeze the level of its oil production and exports, Deputy Oil Minister Rokneddin Javadi was quoted on Sunday as saying, as the country tries to raise its crude exports to pre-sanctions levels.
“Under the present circumstances, the government and the Oil Ministry have not issued any policy or plan to the National Iranian Oil Company (NIOC) towards halting the increase in the production and exports of oil,” Javadi, who also heads the state-run NIOC, told Iran’s Mehr news agency.
“Currently, Iran’s crude oil exports, excluding gas condensates, have reached 2 million barrels per day (bpd),” Javadi said. “Iran’s crude oil export capacity will reach 2.2 million barrels by the middle of summer.”
Read More: http://www.reuters.com/article/us-opec-iran-idUSKCN0YD0UJ
Source: Reuters (22 May 2016)