Director of the NIOC named the cause of Iran’s refusal to freeze oil – Kommersant Applications

Managing Director of National Iranian Oil Company (NIOC) Rukneddin Javadi suggested that Iran does not intend to freeze the oil, as the country does not increase the export of oil to dosanktsionnogo level until the second half of the year. It is reported by “RIA Novosti” with reference to the Iranian media. “The Government has no plans at the moment to freeze or interrupt the growth of oil production and export. So plan to build oil production continues to operate, “- said Mr. Javadi

He also said that Iran’s oil exports will reach 2.2 million barrels a day by mid-summer.. Earlier, oil exports reached that figure before in relation to the country’s sanctions have been imposed for more than four years ago.

As reported by “Kommersant”, oil Iran was above all

forecasts, however, it does not interfere with the global oil market gradually return to balance supply and demand, says the International energy agency. In turn, the US Energy Information Administration said that already in 2017 the price of oil could recover up to $ 76 per barrel.

Learn more about the situation, read the material “b” “Iran does not interfere with the oil market back to balance».