In six months Iran is going to return the oil export volume it had prior to sanctions, production cost - $10/barrel.

Date: 16:57, 18-01-2016.

Astana. January 18. Silkroadnews – In 6 months Iran intends to return the crude oil export volume it had prior to sanctions - 2.1mln barrels per day. The current cost of oil production in the fields of land is $10/bbl. This was stated by the Iranian ambassador to Kazakhstan Mojtaba Damirchilu, as reported by KazTAG.  
“Prior to the imposition of sanctions Iran was producing up to 4 million barrels of oil per day, with 2.1 million of oil exported ... and now Iran intends to return to the volume of production it had before the imposition of sanctions. Within 6 months, it is planned to increase the oil exports up to 2.1 million per day”, M.Damirchilu said to the reporters in Astana on Monday.
According to him, during the sanctions other OPEC countries have taken a share of Iran in the organization, yet Iran intends to return its share, while they have to reduce their volume of oil supplies to the global market.
“Cost of oil of Iran, which is mined on land and not at sea, is about $10 per barrel. The largest volume of oil produced in Iran in 1978 amounted to 6 million barrels per day, prior to sanctions about 4 million barrels were extracted per day, and at present maximum volume is around 3 million barrels per day. As I have previously stated, our plans are to bring it back to the level we used to have prior to sanctions”, M.Damirchilu added.
The ambassador has also emphasized the US “never” were a consumer of the Iranian oil.
At the same time, he noted, some countries - traditional consumers of the Iranian oil – have already built refineries technically designed to refine the Iranian oil.

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