“Whenever the sanctions are lifted, we will return to the market in the shortest possible time and take production at least to its pre-sanctions level,” Zanganeh told reporters here.
Iranians cross a street in the capital Tehran on Sunday. Pic/AFP
Iran will increase its oil production to pre-sanctions level “as soon as possible”, the country’s Minister of Oil Bijan Zanganeh.
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“Whenever the sanctions are lifted, we will return to the market in the shortest possible time and take production at least to its pre-sanctions level,” Zanganeh told reporters here.
His remarks came after a video conference of the Organization of the Petroleum Exporting Countries and its partners, collectively known as OPEC+, reports Xinhua news agency.
Iran’s determination will not be affected by “any decision” of the OPEC+ regarding production levels, the Iranian minister noted.
The OPEC+ meeting ended on the night of July 2 without an agreement, and members will meet again on Monday over a gradual increase in oil production based on a previous agreement reached in 2020.
2 July
Day the OPEC+ meeting ended without an agreement
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