Iran Aims To Raise Oil Exports To 2.5 Million Bpd Once U.S. Sanctions Are Lifted

Iran will be able to raise its crude oil exports to 2.5 million barrels per day (bpd) after the U.S. sanctions on its oil industry are lifted, a top Iranian official said over the weekend, while reports emerged that the talks in Vienna for bringing Iran and the U.S. back to the nuclear deal had made progress. “Oil sales have dropped a lot, but now the situation is better, and we are in control. We will be able to increase oil exports to 2.5mn b/d after removal of the sanctions,” Argus quoted Iran’s vice-president Eshaq Jahangiri…