Iran not in favor of low oil prices

Iran not in favor of low oil prices

Iran not in favor of low oil prices

 

 
Bijan Zanganeh maintained that increase in production and export of crude oil is Iran’s right; “even if oil prices drop, Iran’s manufacturing and export of crude will increase by 500 BPD in the first phase after the lifting of sanctions,” he stressed.
 
“We would definitely not like to sell oil at 20 or 30 dollars per barrel; however, the Islamic Republic of Iran will not give away its share of the market to any other country in the worst scenario,” oil minister underlined.

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