Iran’s Plan and Budget Organization (PBO) chief said on Tuesday that the Oil Ministry has managed to thwart the sanctions to limit the country’s oil production and sales in the international market.

Iran PressIran news: In a joint press conference with Seyyed Ehsan Khandouzi, the government’s economic spokesman, Davoud Manzour added that oil is no longer stored in tankers and that the amount the country produces has already been marketed.

In addition, Iran’s gas exports have considerably increased compared to the sales before the 13th administration, said the official, adding that the incumbent government has given top priority to oil and gas exports.

The 13th administration has tried to bring Iran’s oil production and exports closer to pre-sanctions volumes since it took office in August 2021, said Manzour, adding the country is now producing over 3.5 million barrels of crude oil and gas condensates a day while the figure stood at 2.2 million barrels per day (bpd) in the first half of the Iranian calendar year of 1400 (starting March 21, 2021).

Iran’s oil production in the pre-sanctions era amounted to 3.8m bpd, continued the vice president, concluding that the government plans to boost the daily output by 100,000 to 200,000 barrels this year as it is seeking to make the maximum use of the oil and gas sectors’ capacities for domestic development.


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