"[Those who say Iran cannot produce as much crude oil as it boasts following the sanctions] had better wait and see how Iran's output will boost after the sanctions removal," Zangeneh told reporters on the sidelines of a conference in Tehran on Sunday.
He also spoke about Persian Gulf Star Refinery project, expressing hope that fulfillment of its first phase will bring Iran to self-sufficiency in gasoline production.
The refinery is owned by Oil, Gas and Petrochemical Investment Company (49%), Oil Industry Pension Fund (33.1%) and National Iranian Oil Refining and Distribution Company (NIORDC) (17.9%).
Once the project's first phase becomes fully operational, other phases will come online each after 4 months.
Your Comment