Iran says will reclaim full oil market share post-sanctions

Iran will ramp up crude oil production and reclaim its lost share of exports shortly after international sanctions on the OPEC member are lifted, Iran’s oil minister Bijan Zanganeh said on Tuesday. Iran and six world powers agreed a deal in July to curb Tehran’s nuclear program, but sanctions imposed in 2012 will not be lifted until Iran has complied with all the terms of the pact. Britain’s foreign minister said on Monday that international sanctions on Iran could start to be lifted as early as spring next year. At a news conference in Tehran, Zanganeh said Iran should sell its crude regardless of the oil price.

via ynetnews.com

Source: http://www.ynetnews.com/articles/0,7340,L-4694294,00.html

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