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May 9, 2014 9:53 am

Iran Oil Minister Says Country Accepts No Restriction on Crude Exports

avatar by Joshua Levitt

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Iranian oil tanker. Photo: WikiCommons.

Iranian oil tanker. Photo: WikiCommons.

Iranian Oil Minister Bijan Namdar Zanganeh on Thursday said that the Islamic Republic would not accept any restrictions on its export of crude oil under any condition, semi-official state media Fars reported on Friday.

Speaking on the sidelines of the 19th International Oil, Gas, Refining and Petrochemical Exhibition in Tehran, Zanganeh told reporters, “Iran will not accept any numbers and figures regarding the volume of its crude oil export that are dictated from elsewhere.”

Fars said: “Zanganeh underlined that it is Iran that determines volume of its crude exports.”

On Tuesday, Zanganeh said Iran was pressing ahead with plans to increase production of crude oil, despite Western sanctions, adding that steps had been taken to increase Iran’s oil output by 1 million barrels per day within the next four years.

Fars said: “World oil giants, including Royal Dutch Shell, British Petroleum, Malaysia’s Petronas, Spain’s Repsol, Russia’s second-largest oil producer, Lukoil, France’s Total and Italy’s Eni, have shown interest in returning to the Iranian market following partial relief in the anti-Iran sanctions that came after a nuclear accord between the Islamic Republic and the six world powers last November.”

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