Page 11 - MEOG Week 49
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MEOG POLICY MEOG
Iran to export 2mn bpd in sanctions
are removed, Rouhani says
IRAN AFTER the lifting of sanctions Iran said it is been realised and he will carry it with him.”
ready to restore oil supplies to over 2 million On November 11, International monitoring
barrels per day (bpd) as soon as possible, Iranian agency TankerTrackers.com speaking with bne
President Hassan Rouhani said. IntelliNews reported that combined crude and
The Iranian government hopes that a Biden condensates exports averaged 800,000bpd in
administration will lead to a reduction in tension April to September.
between itself and the US. The head of the Republic’s Budget Planning
However, despite positive sentiment being Organization, Seyed Hamid Pourmohammadi,
broadcast by the president-elect, there remains said that for the current year Iran exported on
the possibility, he could continue to place signifi- average about 600-700,000 bpd.
cant pressure on the clerical regime in Tehran for Later on November 11, the news agency
its actions in locally and regionally. reported the official as retracting his comment,
“With the beginning of the [full] functioning indicating the figures he quoted actually referred
of the nuclear deal and the lifting of sanctions, we to export plans for next year and may include
can bring oil exports to over 2 million barrels as both targeted petroleum and crude oil consign-
soon as possible,” he said. ments. It is thought that officials are forbidden
Iran’s Petroleum Ministry will take necessary from discussing Iran’s oil export data given the
measures to prepare oil resources and equip- sensitivity of the issue.
ment, he added. According to the president, “the On November 5, 2018, the United States
US economic war has created many obstacles renewed full sanctions against Iran, including
to oil sales, but [US President Donald] Trump’s restrictions on the sale of hydrocarbons. As a
desire to bring Iran’s oil exports to zero has never result, oil exports from Iran fell sharply.
Week 49 09•December•2020 www. NEWSBASE .com P11
