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Iranian Oil Minister: the planned production increase will not affect world oil prices
2015/10/31
{International: Euphrates News} confirmed Iranian Oil Minister Bijan Zangana, that Iran will raise the production ceiling by 500 thousand barrels per day after the lifting of the ban at least, and that the planned increase will not have a decisive impact on oil prices in global markets.
Zangana said that "oil markets for the time being mindful of this increase as well as future prices, and that Tehran announced it some time ago."
He stressed that "Iran officially announce raise oil production program through the Organization of Petroleum Exporting Countries {OPEC} meeting, and it would ask the rest of the members taking into account the daily production ceiling, which was approved by the organization amounting to 30 million barrels," stressing that "Iran will implement the program without waiting for any country in this regard ".
Zangana and pointed out that "the Department of International Affairs, the national oil company actually began to oil marketing stage process after the ban, and that he may have been a necessary plan of the store as well."
He said Iran's oil minister that "Iran is targeting Asian markets in the first division next to Europe, and South Africa."
"The ministry put the development of West Caron fields southwest {Iran} on the ladder of priorities of the oil sector, and as far as the development of the South Pars field invader", stressing that the West Caron fields projects will move at a rapid pace with the lifting of the ban.
And that "Caron fields west of polarized projects for foreign investment projects, and that oil production is expected to reach 700 000 barrels per day at a minimum provide the necessary funding and technology." Ended h
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2015/10/31
{International: Euphrates News} confirmed Iranian Oil Minister Bijan Zangana, that Iran will raise the production ceiling by 500 thousand barrels per day after the lifting of the ban at least, and that the planned increase will not have a decisive impact on oil prices in global markets.
Zangana said that "oil markets for the time being mindful of this increase as well as future prices, and that Tehran announced it some time ago."
He stressed that "Iran officially announce raise oil production program through the Organization of Petroleum Exporting Countries {OPEC} meeting, and it would ask the rest of the members taking into account the daily production ceiling, which was approved by the organization amounting to 30 million barrels," stressing that "Iran will implement the program without waiting for any country in this regard ".
Zangana and pointed out that "the Department of International Affairs, the national oil company actually began to oil marketing stage process after the ban, and that he may have been a necessary plan of the store as well."
He said Iran's oil minister that "Iran is targeting Asian markets in the first division next to Europe, and South Africa."
"The ministry put the development of West Caron fields southwest {Iran} on the ladder of priorities of the oil sector, and as far as the development of the South Pars field invader", stressing that the West Caron fields projects will move at a rapid pace with the lifting of the ban.
And that "Caron fields west of polarized projects for foreign investment projects, and that oil production is expected to reach 700 000 barrels per day at a minimum provide the necessary funding and technology." Ended h
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