Iran’s oil export to reach pre-sanctions level

EghtesadOnline: Iran’s ministry of petroleum released a report, in which announced that its oil export to the world countries has increased to a great extent after the Joint Comprehensive Plan of Action.

News ID: ۷۳۷۷۸۶

31 October 2016

The announcement stated that the export of crude oil to Asian states reached roughly 1.7 million barrels per day in August, which indicates an increase of %92 year-on year, reports ISNA.

According to the report, Iran’s oil is mostly exported to the Asian countries, adding more than %60 percent of the country’s crude oil in being sent to those states.

Bijan Zanganeh, Iran’s Petroleum Minister had said earlier that Iran’s oil production had already reached close to pre-sanctions levels, underlining that the country is currently producing about four million barrels of oil per day.