Iran’s oil exports have surpassed 2mb/d following the lifting of sanctions, Oil Minister Bijan Zanganeh said, as Press TV reported, citing figures released by Bloomberg. According to the released data, Iran’s overall crude output now stands at 3.2mb/d, the highest level since May 2012.
“Iran’s oil and gas condensate exports are now at more than 2mb/d” after rising by 250,000b/d since March 1st, the ministry’s Shana news service quoted Zanganeh as saying, Daily Mail wrote.
As Iran doubles its exports since January 16th, when international sanctions against the country were lifted, Tehran maintains its position in regard to oil production freeze plan. Iran has already rejected calls by other fellow producers to join the deal aimed at stabilizing the global oil prices. Oil Minister has repeatedly emphasized that the Islamic Republic will instead seek to regain its lost market share.