Iran Press/Iran news: Addressing the reporters on Monday on the sidelines of the start of drilling in phase-11 of South Pars oil field, Iran’s Oil Minister Bijan Zanganeh explained: "If there are no sanctions and resources are provided to renew wells, the export of 2.3 million barrels is quite possible."
He added: "As a minister, I do not promise anything that I will not be able to do, and there is a market for Iranian oil and prices will not go down."
Noting that OPEC has the necessary sensitivity and commitment to maintain prices, the oil minister said: "Iran does not want permission to return to the oil market because it considers it is its right."
Regarding the increase in gas consumption, Zanganeh said: "People should consume as much as they need so that it is not wasted and we do not have to limit industrial gas."
According to the Minister of Oil, the free gas bill has a financial burden of 400 billion tomans and after 6 months we will find a solution to compensate it.
Regarding the possibility of the return of foreign sanctions, if the sanctions are lifted, he said: "First, the United States should return to JCPOA, then we will talk about this issue."
He explained: The first phase of the refinery, phase 14, will be operational by the end of the year.
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