Iran called the timing of the return to the previous volume of oil exports – RIA Novosti

© AP Photo / Eric Gay

MOSCOW, May 18 – RIA Novosti. Iran hopes to return to the level of oil exports dosanktsionny three months after the lifting of Western sanctions, said the deputy head of the Iranian Ministry of Oil Rokneddin Javadi. Thus Iran instead of eight will be the fourth largest oil exporter, and its share of world exports will grow from 5% to 6%.

“We hope that we can return to the levels of exports that we had to sanctions “- quoted Javadi Reuters. According to the agency, the Deputy Minister hoped for a specified period to bring exports to 2.5 million barrels a day. He added that half of the total exports may come to Asia.

Now Iran, according to OPEC, exports 1.9 million barrels per day, giving Kuwait, Canada (2 million), Nigeria (2.2 million), Iraq (2.4 million), the United Arab Emirates (2.7 million), Russia (4.7 million) and Saudi Arabia (7.6 million). The global volume of exports of crude oil – 39.8 million barrels a day.

Javadi assumes that the price of oil can not grow to about $ 80 per barrel by the end of 2016. “From a commercial point of view, today’s prices should be maintained and gradually increase,” – said on the sidelines of the conference Javadi on oil and gas in Kuala Lumpur.

Earlier it was reported that Iran is ready to begin immediately the supply of crude oil to Europe as soon as Western sanctions lifted. Agreement on the final settlement of the Iranian nuclear issue should be ready by 30 June. The parameters of the future document were agreed “six” and Iran in early April in Lausanne.