“What’s important after the lifting of the sanctions is that we could regain our share in the global market,” Bijan Zangeneh told an energy security gathering in Munich.
“For a country like Iran which holds the third or fourth largest oil reserves in the world, it would not be acceptable that it exports as much as the Republic of Azerbaijan does,” he added.
Zangeneh said Iran’s crude oil production should reach at least 4 mb/d, the pre-sanctions level, adding that the country would need “seven to eight months” to reach this objective.
He said that a nuclear agreement between Iran and six world powers should result in the removal of all financial and energy embargoes.
“It is necessary that all financial and oil sanctions be lifted,” he said.
Zangeneh said infrastructure projects like pipeline would not be cost-effective for gas delivery to Europe, adding that liquefied natural gas (LNG) is Iran’s preferred option for gas supply Europe.
“I don’t rule out the possibility of pipeline, but there are many problems in this regard and this is not our main option,” said the minister.
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