Iran hits new record in oil exportsStaff writer ▼ | May 4, 2015
Iran has made a new record by exporting 7mn barrels of oil per day indicating a 500,000 increase in the last month.
Oil industry 500,000 more barrels from Iran in the last month
Iran could increase output by 800,000 barrels a day.
Simultaneous with the country's bids for increasing oil sales and exports as well as signing new oil contracts with the world's major refineries, Iran's crude oil exports after the Islamic Revolution have hit a new record.
The increase in Iran's oil exports to Japan and India has stepped up the level of the country's exports in April, although China's oil imports from Iran have slightly dropped.
Meanwhile, Iran's Oil Minister Bijan Zangeneh has announced the double increase in the country's oil exports over several months and in case of a completely termination of sanctions, noting that necessary measures have been taken for an urgent increase in production and exports.
According to reports, Iran could increase output by 800,000 barrels a day to its full capacity of 3.6 million within three months of sanctions ending. ■