Iranian Oil Minister, Bijan Zangeneh, stated that Iran’s oil and gas condensate exports have reached 2.45mb/d, Reuters reported. He also said there was no obstacle for Iran to regain its lost share in the oil market, after the lifting of international sanctions against Tehran in January.

In addition, Managing Director of  Iran’s Petrochemical Industry Investment Company, Freidoun Dolat, said the country encourages foreign and domestic investments in oil and gas industry, Arabian Oil and Gas wrote. He added that after the removal of sanctions, Iran has prepared the ground for joint venture investments of the European oil majors, and for new export destinations such as Iraq, Turkey, Tajikistan, Afghanistan, as well as the Gulf states.