The United States doesn’t intend to limit purchases of oil from Iran

The United States doesn’t intend to limit purchases of oil from Iran

WASHINGTON, November 18. /Corr. Anatoly Bochinin/. The US administration no longer supported the limitation of purchases of Iranian oil and petroleum products.

This is stated in the Memorandum signed by U.S. President Barack Obama, the text of which was circulated by the press service of the White house.


In it the head of state noted that the situation on the market allows to reduce purchases of oil from the Islamic Republic, data about the increase in “oil production by certain countries”, the volume of oil and the availability of strategic resources. All this, according to Obama, is a sure sign of “the availability of sufficient quantities of oil and oil products from other countries besides Iran that gives opportunity to substantially reduce purchases of oil from Iran by foreign institutions or through them”.

“Accordingly, my administration is no longer insisting on further reductions of purchases of Iranian oil,” – said Obama, noting that he would continue “to closely monitor this situation”.

This Memorandum was also sent in the name of U.S. Secretary of state John Kerry, Treasury Secretary Jacob Lew and US Secretary of energy Ernest Monis.

Iran will increase oil production

Earlier, the head of the Iranian audit Committee at the Ministry of oil Mehdi Hosseini said that the country can increase oil production by half a million barrels a day when sanctions are lifted.

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© AP Photo/Hasan Jamali

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“When sanctions are lifted, we will be able in a few months to increase oil production by 500 thousand barrels per day,” he said.

Increased production of oil by 1 million barrels a day, according to Hosseini, may require “about a year”.

“I think in January, the sanctions will be lifted. Sanctions structure is not available,” – said the official.

Sanctions against Iran

Prior to the imposition of sanctions by the EU, US and UN against Iran for nuclear development programme, oil production in Iran amounted to about 4.1 million barrels per day. Of these, 2.5 million barrels per day were exported.

According to some estimates, currently, Iran daily produces about 2.8 million barrels a day.

In July of this year, “six” (five permanent members of the UN security Council and Germany) agreed with Tehran on limiting its nuclear program in response to the lifting of sanctions.

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Instead of billions of nuclear weapons. The highlights of the deal between Iran and the “six”