21 April 2015 - 17:47
  • News ID: 239141
‘Iran Oil Exports to Rise’

TEHRAN April 21(Shana)--An international energy group has predicted that Iran's oil exports would rise by 200,000 barrels per day (b/d) by the end of summer if sanctions are lifted in July.

Facts Global Energy also forecasted another 300,000 b/d increase in Iran’s oil exports by the end of the year.  

Fereidoun Fesharaki, chairman of the body, told a Middle East conference that a further boost of 700,000 b/d is expected by June next year.

He told the 23rd annual Middle East Petroleum and Gas conference that condensate exports would rise by 200,000 b/d.

Fesharaki said the sanctions relief would also allow Iran to envisage building gas pipelines to Oman, Kuwait and the United Arab Emirates (UAE).

Iran is in talks with six world powers for a final nuclear deal which would see sanctions against Tehran be lifted.
News ID 239141

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