Iran is ready to increase oil exports by one and a half times

Iran is completely ready to increase oil exports by 500 thousand barrels per day. This was stated by Deputy Miner of the Oil of the country Hosein Amir Zamaninia, reports Reuters.

So the Iranian official commented on the abolition of sanctions associated with the nuclear program of Iran. “This is a historical day, for which in recent years, a lot of effort has been applied in recent years,” said Zamaninia. The main volumes of Iranian oil exports are intended for supplies to China, noted by Empire. This country remained the largest importer of the Iranian energy carrier, including during the validity of sanctions.

Currently, Iran exports about 1 million barrels per day. The draft budget submitted by IRI President Hassan Rouhani for consideration by Majlis indicates that in the upcoming Iranian year, which will begin on March 21, the daily exports of Iranian oil will reach 2.25 million barrels.

After lifting sanctions from Iran, the TADAWUL Saudi stock exchange index fell by 7.5 percent.

On Saturday, the International Atomic Energy Agency (IAEA) confirmed Tehran fulfilling all the country's obligations adopted by the country. After that, the United States and the EU announced the removal of all the sanctions related to it .

“In response to the steps that Iran took, the USA and the EU will immediately rescue the sanctions,” said Secretary of State John Kerry. In particular, restrictions on companies that collaborated with Iran in the field of oil production were canceled. At the same time, the Secretary of State emphasized that we are talking only about those sanctions that were adopted precisely in connection with Iran's nuclear program. A number of restrictions introduced by the US authorities continue to act. The sanctions list remained 200 people and companies related to Iran. The restrictions on the cooperation of American companies and individuals with the authorities of the Islamic Republic are also in force.

The Supreme EU representative in foreign policy Federic Mogherini said that sanctions imposed by both the European Union and separate countries included in it will be lifted. The decision to cancel the sanctions will enter into force immediately after the official publication.

On April 3, 2015, six intermediaries, including five permanent members of the United States of the UN and Germany, entered into a framework agreement with Iran on the gradual relief of sanctions from this country in exchange for reducing the scale of its nuclear program. Under the terms of agreements, Iran agreed to regular inspections of his nuclear facilities with this organization. Iran reduced the supply of enriched uranium and the number of attitudes for its enrichment. In addition, the authorities of the Middle East country agreed to rebuild the reactor on heavy water located in Eraka, so that it could not produce weapons plutonium.

On July 17, representatives of Iran and the Six have successfully completed work on a comprehensive agreement on the nuclear program . Iran assumes the obligation to abandon any attempts to create nuclear weapons in exchange for lifting sanctions. At the same time, the UN embargo for the supply of Iran will be preserved for five years, for the supply of missile technologies - eight. The agreement provides a mechanism for restoring sanctions within 65 days if Iran violates the agreements. Magate will control their implementation.

In November, Iranian oil Minister Bijan Nasdar Zangan said that Iran did not intend to coordinate the issue of increasing oil supplies to the world market after the abolition of sanctions or asking for permission from this organization. The Minister confirmed that Iran intends to increase oil exports by 500 thousand barrels per day. The fifth largest manufacturer in OPEC will inform the group only after increasing export, Zangan noted.

“The fall in prices will not be a problem for us,” the minister said. “This should be a problem for those who replaced Iran.” The country does not expect difficulties with sales of additional barrels. “The market takes into account our return,” the minister emphasized.