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According to news on May 17, Iranian government officials said that as the nuclear agreement negotiations with the United States continue to make progress, Iran is preparing to increase crude oil production and exports
.
According to reports, Iran may recover to a production level of 4 million barrels per day in just three months
.
In addition, the report said, this may also increase the amount of crude oil currently stored by millions of barrels
.
Currently, the National Iranian Oil Company is preparing to increase production, although it is uncertain whether an agreement can be reached
.
Even if the agreement is signed, it will take some time to remove all the obstacles that the Trump administration has placed on the path of Iranian oil entering the international market
.
Mohammad Ali Khatibi, a former official of the National Petroleum Corporation of Iran and special envoy of the Organization of the Petroleum Exporting Countries of Iran, said in an interview: "Our return may be a gradual process, rather than rapid and sudden-it cannot happen overnight
.
This is not only because of US sanctions, but also because of the damage caused by the new coronavirus pandemic to crude oil demand
.
Khatibi also said that “even if the sanctions are lifted, some buyers may be reluctant to do business with Iran
.
”
However, analysts said that oil production will almost certainly increase
.
No matter how the negotiations are over, no matter what happens to the Iranian oil industry after the negotiations, the Iranian oil minister will not attend the meeting because he said he will retire after President Rouhani's term ends later this year
.
.
According to reports, Iran may recover to a production level of 4 million barrels per day in just three months
.
In addition, the report said, this may also increase the amount of crude oil currently stored by millions of barrels
.
Currently, the National Iranian Oil Company is preparing to increase production, although it is uncertain whether an agreement can be reached
.
Even if the agreement is signed, it will take some time to remove all the obstacles that the Trump administration has placed on the path of Iranian oil entering the international market
.
Mohammad Ali Khatibi, a former official of the National Petroleum Corporation of Iran and special envoy of the Organization of the Petroleum Exporting Countries of Iran, said in an interview: "Our return may be a gradual process, rather than rapid and sudden-it cannot happen overnight
.
This is not only because of US sanctions, but also because of the damage caused by the new coronavirus pandemic to crude oil demand
.
Khatibi also said that “even if the sanctions are lifted, some buyers may be reluctant to do business with Iran
.
”
However, analysts said that oil production will almost certainly increase
.
No matter how the negotiations are over, no matter what happens to the Iranian oil industry after the negotiations, the Iranian oil minister will not attend the meeting because he said he will retire after President Rouhani's term ends later this year
.
