BREAKING NEWS
This content is not available in your region

Iran vows to reach pre-sanctions oil output

Comments
Iran vows to reach pre-sanctions oil output
Text size Aa Aa

Iran says it wants OPEC countries to cut oil output to boost prices – but intends to increase its own production once international sanctions are lifted.

Iran’s oil minister Bijan Namdar Zanganeh says “no-one is happy” with prices at current levels.

He wants crude output cut to raise prices to 70 to 80 dollars a barrel.

But he says he expects no change in OPEC’s current output policies.

Sanctions on Tehran could be lifted early next year following the nuclear deal.

Iran says once that happens it could increase oil production by half a million barrels a day immediately – and reach its pre-sanctions output level within seven months.

Euronews is no longer accessible on Internet Explorer. This browser is not updated by Microsoft and does not support the last technical evolutions. We encourage you to use another browser, such as Edge, Safari, Google Chrome or Mozilla Firefox.